Should I deduct social security from my salary when filing tax returns?

Legal analysis: personal income tax is calculated according to the salary after deducting five insurances and one gold.

Taxable income = wage income-various social insurance premiums-threshold (5000 yuan)

Taxable amount = taxable income x tax rate-calculated deduction.

According to state regulations, the basic old-age insurance premium, basic medical insurance premium, unemployment insurance premium and housing accumulation fund paid by units and individuals are deducted from the taxable income of taxpayers.

Therefore, according to the above regulations, when the company pays the social security fund for individuals and employees, as long as it does not exceed the proportion stipulated by the local government, the social security deduction of personal income tax withheld and remitted by the company should include the part paid by the company for individuals and the part paid by individuals. The part exceeding the prescribed proportion is not allowed to be deducted before personal income tax.

Legal basis: Individual Income Tax Law of People's Republic of China (PRC).

Article 2 Individual income tax shall be paid on the income of the following individuals:

(1) Income from wages and salaries;

(2) Income from remuneration for labor services;

(3) Income from remuneration;

(4) Income from royalties;

(5) Operating income;

(6) Income from interest, dividends and bonuses;

(7) Income from property lease;

(8) Income from property transfer;

(9) Accidental income.

Individual residents who obtain income from items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income) shall calculate individual income tax according to the tax year; Non-resident individuals who obtain income from items 1 to 4 of the preceding paragraph shall calculate individual income tax on a monthly or itemized basis. Taxpayers who obtain income from items 5 to 9 of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this law.