What is a Taxable Wage Base?

Taxable wages are stated in tax law, that is, the portion of labor remuneration after deducting tax-exempt items should be paid according to national regulations.

Taxable wages

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Taxable wages are stated in tax law, that is, the portion of labor remuneration after deducting tax-exempt items should be paid according to national regulations.
Chinese name
Taxable wages
Features
Deduct social security
Calculate
Applicable tax rate to pay personal income tax
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Determination of total social average wages announced by the government
Taxable wages are stated in tax law, that is, the portion of labor remuneration after deducting tax-exempt items should be paid in accordance with national regulations.
Taxable wages can be deducted from the total wages, such as social security and housing provident funds, and fines, utilities, and food expenses cannot be deducted.
Payable wages-personal social security-statutory deduction amount 5000 = taxable wages, and then pay personal income tax at the applicable tax rate. This is income from wages and salaries. If it is the total salary for the whole year, it must be divided by 12 months, then see which tax rate is suitable, and then the total amount-the legal deductible amount of 5000 * tax rate
The payment base for social security contributions is determined by the total average social wages announced by the local government. Not the total amount that should be issued-deductible items (social security, provident fund) or the taxable income after deducting 3500. This is the tax basis for paying personal income tax.

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