Shenzhen’s personal income tax on wages is calculated based on the amount of income payable. The calculation method is (wage income – special additional deduction – social security payment) * tax rate. Among them, salary income - special additional deductions - social security payments are calculated based on the income payable. If the annual income payable is less than 60,000 yuan, personal income tax is exempted.

According to Article 6 of the "Individual Income Tax Law of the People's Republic of China", the calculation of taxable income: (1) The comprehensive income of resident individuals shall be calculated on the basis of each taxable income. The taxable income is the balance after deducting RMB 60,000 in expenses, special deductions, special additional deductions and other deductions determined in accordance with the law from the annual income.

(2) For wages and salaries of non-resident individuals, the balance after deducting RMB 5,000 in expenses from the monthly income shall be the taxable income; income from remuneration for services, income from author remuneration, and royalties Income, the amount of each income is the taxable income.

(3) Business income shall be the taxable income after deducting costs, expenses and losses from the total income in each tax year.

(4) If the income from property leasing does not exceed 4,000 yuan per time, 800 yuan of expenses will be deducted; if the income exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be Taxable income.

(5) For income from property transfer, the taxable income shall be the balance of the income from the transferred property minus the original value of the property and reasonable expenses.

(6) For interest, dividends, bonus income and incidental income, the amount of each income shall be the taxable income.

Extended information:

Article 12 of the "Individual Income Tax Law of the People's Republic of China" When a taxpayer obtains business income, the individual income tax is calculated on an annual basis, and the taxpayer shall calculate the individual income tax on a monthly basis. Or submit a tax return to the tax authorities within 15 days after the end of the quarter and prepay the tax; and complete the final settlement before March 31 of the following year when the income is obtained.

Income from interest, dividends, bonuses, income from property leasing, income from property transfer and incidental income shall be calculated on a monthly or per-time basis. If there is a withholding agent, the withholding agent shall Withhold and pay taxes monthly or on a per-time basis.

State Administration of Taxation-Personal Income Tax Law of the People's Republic of China