1. When drawing:

Borrow: xx expenses (management/sales, etc. )

Loans: Payables-Wages

2. Pay wages:

Debit: payable to employees.

Loans: bank deposits

Other payables-social security/provident fund

Taxes payable-personal income tax

3. Payment of social insurance:

Debit: Payables-Social Security (Enterprise Part+Individual Part)

Credit: cash on hand/bank deposit.

4. Pay personal income tax:

Borrow: taxes payable-personal income tax payable

Loans: bank deposits

Income from wages and salaries refers to wages, salaries, bonuses, year-end salary increase, labor dividends, allowances, subsidies and other income related to employment.

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. Taxpayers of individual income tax include both resident taxpayers and non-resident taxpayer. Resident taxpayers have a complete obligation to pay taxes, and must pay individual income tax on all their income from both inside and outside China.

Calculation method of personal income tax on wages and salaries

1. The calculation formula of personal payroll tax is: tax payable = (salary income-"five insurances and one gold"-deduction) × applicable tax rate-quick deduction. ..

2. The tax exemption amount is 5000, and the calculation method of using the excess progressive tax rate is as follows:

(1) Tax amount = monthly taxable income * tax rate-quick deduction;

(2) Actual salary = salary payable-five insurances and one gold-tax payment;

(3) Monthly taxable income = (salary payable-five insurances and one gold) -5000.

How to deduct wages and salaries before tax?

Yes According to Article 1 of the Notice of State Taxation Administration of The People's Republic of China on Deduction of Wages and Salaries of Enterprises and Employee Welfare Expenses (Guo [2009] No.3), the term "reasonable wages and salaries" as mentioned in Article 34 of the Detailed Rules for Implementation refers to the wages and salaries actually paid to employees by the enterprise according to the wage and salary system formulated by the shareholders' meeting, the board of directors, the remuneration committee or relevant management institutions. When confirming the rationality of wages and salaries, the tax authorities may do so in the following ways.

(1) The enterprise has formulated a relatively standardized salary and salary system for employees;

(2) The wage and salary system formulated by the enterprise conforms to the industry and regional level;

(3) The wages and salaries paid by enterprises in a certain period of time are relatively fixed, and the wage and salary adjustments are carried out in an orderly manner;

(4) The enterprise has fulfilled the obligation of withholding and remitting individual income tax on the wages and salaries actually paid;

(5) The arrangement of wages and salaries is not aimed at reducing or evading taxes. "

Therefore, the wages and salaries actually paid by the enterprise according to the above documents can be deducted before the enterprise income tax.