Shenzhen’s salary tax deduction standard is 5,000 yuan, and 7,000 yuan should pay 60 yuan of personal income tax per month

Taxable income = (monthly income - five insurances and one housing fund - starting Tax points - other deductions determined in accordance with the law - special additional deductions) * Applicable tax rate - quick calculation of deductions

Known conditions: monthly income = 7,000 yuan, five insurances and one housing fund = 0 yuan, threshold = 5,000 Yuan, other deductions determined in accordance with the law = 0 Yuan, special additional deductions = 0 Yuan, applicable tax rate = 3%, quick calculation deduction = 0 Yuan.

Tax amount=(7000-0-5000-0)×3%-0=60 yuan. Extended information

The new personal income tax law stipulates that from October 1, 2018 to December 31, 2018, taxpayers’ wages and salaries shall first be deducted from the monthly income by 5,000 yuan in expenses and The balance after special deductions and other deductions determined in accordance with the law is the taxable income, and the tax is calculated and paid on a monthly basis according to the personal income tax rate table (applicable to comprehensive income), and no additional deductions will be deducted. ?[8]?

On February 16, 2019, the relevant departments of the State Administration of Taxation responded to issues related to tax records after the implementation of the new personal income tax law. Zero personal tax declaration does not affect the continuity of tax records.

Baidu Encyclopedia—Personal Income Tax