The wage deduction standard is 3,500 yuan/month (officially implemented on September 20 15 1 day) (applicable to wage income).

Personal income tax payable = taxable income × applicable tax rate-quick deduction

Taxable income = monthly income after deducting three insurances and one gold-deduction standard

Two. 20 18 Shanghai payroll tax calculation

The calculation formula of payroll tax is:

Taxable amount = (salary income-"five insurances and one gold"-deduction) × applicable tax rate-quick deduction.

The tax threshold is 3500, and the calculation method of using the excess progressive tax rate is as follows:

Tax amount = monthly taxable income * tax rate-quick deduction

Actual salary = salary payable-four gold-tax payment

Monthly taxable income = (salary payable-four gold) -3500

Deduction standard: individual tax is calculated according to the threshold standard of 3500 yuan/month.

If someone's salary income is 5000 yuan, his personal income tax should be: (5000-3500) × 3%-0 = 45 yuan.

Personal income tax is the general name of legal norms that adjust the social relationship between tax authorities and natural persons (residents and non-residents) in the process of personal income tax collection and management.

The public misunderstood the "starting point". The correct statement should be "personal income tax exemption". There is a strict difference between "threshold" and "exemption amount":

The so-called threshold is that the tax object reaches the boundary where the tax amount begins to be taxed. When the amount of the taxable object does not reach the threshold, no tax will be levied. Once the amount of tax object reaches or exceeds the threshold, it is necessary to tax the whole amount, not just the part that exceeds the threshold.

The so-called exemption amount is the amount exempted from taxation in the total amount of tax objects. It is the amount deducted in advance from the total amount of the taxable object according to certain standards. The exemption amount is not taxed, only the part that exceeds the exemption amount is taxed.

The difference between the two is: suppose the figure is 2000 yuan, and your monthly salary is 200 1 yuan. If it is tax-free, 2000 yuan will be exempted, and only the excess 1 yuan will be paid. If it is the threshold, 2000 yuan is not enough, but the part exceeding 2000 yuan will be paid in full, that is, the tax will be paid at 200 1 yuan.

References:

Baidu Encyclopedia: Personal Income Tax