The taxable income from wages = wage income – personal social security contribution – threshold (5,000 yuan). The specific tax payable is calculated by the applicable tax rate and quick calculation deductions.

The taxable income from wages refers to the part that needs to be paid in personal income tax returns. Its calculation formula is: taxable income from wages = wage income - personal social security payment part - threshold point ( 5,000 yuan). Among them, wage income refers to the remuneration or income obtained by an individual for performing labor and services within a month; the personal payment part of social security refers to the portion of fees that an individual should pay when paying social insurance premiums. The calculation method of personal income tax is relatively complex and involves concepts such as applicable tax rates and quick calculation deductions. The applicable tax rate refers to the tax rate determined based on the tax bracket of the taxable income of the salary. The tax rate is different depending on the tax bracket of the salary; the quick calculation deduction refers to a deduction method set up to reduce the tax burden. Calculated based on applicable tax rates. Based on the latest personal tax rate table and quick calculation deduction table issued by the State Administration of Taxation, the specific amount of personal income tax payable can be calculated. It should be noted that individuals should pay personal income tax in a timely and full amount in accordance with regulations, otherwise they will face consequences such as fines.

Is it possible to reduce the amount of taxable income from wages? According to relevant national laws, regulations and policies, individuals can reduce taxable income from wages through legal means within a certain range. For example, you can reduce the amount of taxable income from wages by purchasing social security products such as commercial health insurance and provident funds; you can also reduce your personal tax burden through legally exempted expenses such as family support and housing loan interest. However, it needs to be emphasized that these tax reduction methods must comply with relevant national laws and policies, and tax avoidance or tax evasion in violation of laws and regulations is not allowed.

The taxable income from wages is the portion of personal income tax that an individual needs to pay and can be determined through a simple calculation formula. In addition, there are some legal deductions and exemptions that can help individuals reduce their tax burden, but they must comply with relevant national laws, regulations and policies. Individuals need to pay personal tax in a timely and full amount, otherwise they may face adverse consequences such as fines.

Legal basis:

"Personal Income Tax Law of the People's Republic of China" Article 6 Calculation of taxable income:

(1) Residents The comprehensive income of an individual is the taxable income, which 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 income in each tax year.

(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.