Taxable income = (monthly income-five insurances and one gold-threshold-other deductions determined according to law-special additional deduction) * applicable tax rate-quick deduction. The income this month is 20 thousand. After deducting five insurances and one gold, the taxable amount is: the taxable amount of this month's income is 20000 yuan = (20000-5000) x 25%-1005 = 2745 yuan.

Extended data

Taxable income refers to all taxable income obtained by taxpayers in a certain period, and the balance after deducting various expenses allowed to be deducted according to the tax law is the tax basis for calculating enterprise income tax. The taxable income stipulated in the Enterprise Income Tax Law of People's Republic of China (PRC) refers to the total income of an enterprise in each tax year, after deducting non-taxable income, tax-free income, various deductions and allowable losses in previous years.

Personal income tax, taxable income = total income-deductible item amount;

For enterprise income tax

Determination of taxable income

Taxable income range

(1) Income from production and operation mentioned in the first and second paragraphs of Article 1 of the Tax Law refers to the income from production and operation of manufacturing, mining, transportation, construction and installation, agriculture, forestry, animal husbandry, fishery, water conservancy, commerce, finance, service, exploration and development and other industries.

(ii) Other income

Other income mentioned in the first and second paragraphs of Article 1 of the Tax Law refers to profits (dividends), interest, rent, income from property transfer, provision or transfer of patent rights, know-how, trademark rights, copyright income and non-operating income.

After deducting the original transferee price and development expenses, the income obtained from the transfer of land use rights by foreign-invested enterprises will be included in the profits and losses of the current year, and enterprise income tax will be paid according to law.

The net income from the transfer of shares or equity of foreign-invested enterprises and the net income from the transfer of shares of enterprises in China held by institutions and places established by foreign enterprises in China are included in the taxable income of enterprises in the current period and paid enterprise income tax. The loss of merit in the above-mentioned stock exchanges can also offset the taxable income of enterprises in the current period.