Five insurances, one gold and special additional deduction are required, and the after-tax amount of 20,000 yuan per month is calculated. The specific personal income tax calculation formula is: taxable income = wage income-five insurances and one gold-tax threshold, and then the taxable amount is calculated according to the applicable tax rate and quick deduction. Because five insurances and one gold are different from other personal deductions, the specific after-tax amount needs to be determined according to the actual situation of the individual. For example, if the deduction for five insurances and one gold is 3,744.3 yuan and the tax threshold is 5,000 yuan, the taxable income is 2 1255.7 yuan, the applicable tax rate is 20%, the quick deduction is 14 10 yuan, and the taxable amount is 2841./. This is just an example, and the actual calculation should consider the individual's specific situation.
Composition of five insurances and one gold:
1. Old-age insurance: providing basic living security for employees after retirement;
2. Medical insurance: medical expenses subsidies for employees and their families;
3. Unemployment insurance: providing economic assistance to unemployed workers for a certain period of time;
4. Work-related injury insurance: providing medical and economic compensation for employees who suffer from work-related injuries or occupational diseases;
5. Maternity insurance: providing medical expenses and maternity allowance for female employees;
6. Housing accumulation fund: It aims to solve the housing problem of employees and provide housing savings and loan support for employees.
To sum up, according to the specific five insurance and one gold deduction and special additional deduction, the personal income tax needs to be calculated for the after-tax amount of 20,000 yuan per month, and the specific amount needs to be determined according to the actual situation of the individual.
Legal basis:
Individual Income Tax Law of the People's Republic of China
Article 6
Calculation of taxable income:
(1) For the comprehensive income of individual residents, the taxable income shall be the income after deducting expenses of 60,000 yuan, special additional deductions and other deductions determined according to law.
(2) For the income from wages and salaries of non-resident individuals, the taxable income shall be the balance of monthly income after deducting expenses of 5,000 yuan; Income from remuneration for labor services, remuneration for manuscripts and royalties shall be taxed.
(3) For operating income, the taxable income shall be the balance of the total income in each tax year after deducting costs, expenses and losses.
(four) if the income from property leasing does not exceed 4,000 yuan each time, the 800 yuan shall be deducted; If it exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be taxable income.
(5) For the income from property transfer, the taxable income shall be the balance after deducting the original value of the property and reasonable expenses from the income from property transfer.
(6) Interest, dividends, bonus income and contingent income shall be limited to the taxable income each time. Income from remuneration for labor services, remuneration for manuscripts and royalties shall be the balance after deducting expenses. The amount of remuneration should be reduced by 70%. Individuals donate their income to public welfare charities such as education, poverty alleviation and poverty alleviation, and the part of the donation that does not exceed 30% of the taxable income declared by taxpayers can be deducted from their taxable income; If the State Council stipulates that donations to charity should be fully deducted before tax, such provisions shall prevail.
The special deduction specified in item 1 of the first paragraph of this article includes social insurance premiums such as basic old-age insurance, basic medical insurance, unemployment insurance and housing accumulation fund paid by individual residents in accordance with the scope and standards prescribed by the state; Special additional deductions include children's education, continuing education, medical treatment for serious illness, housing loan interest or housing rent, support for the elderly and other expenses. The specific scope, standards and implementation steps are determined by the State Council and reported to the NPC Standing Committee for the record.