How much tax is deducted from twenty thousand wages?

According to the new tax law, the taxable amount of 20,000 yuan salary is 1.590 yuan. The calculation formula is (20000-5000) times 20%-1410 =1590 yuan. Among them, the exemption amount is 5000 yuan, and the special deduction and special additional deduction are other deductions determined according to law. If the salary range is below 5,000 yuan, the personal income tax rate is 0%. If the salary is between 5,000 yuan and 8,000 yuan, the personal income tax rate is 3%. If the salary is between 8000 yuan and 17000 yuan, the personal income tax rate is 10%.

Consequences of not paying personal income tax:

1. If it is not paid in time, there will be late payment fees and fines, and the amount to be paid will still be paid;

2. If the tax authorities fail to collect again, they will report the credit information, and the tax authorities will record the unpaid taxes in your file. In the future, if you use a credit report and find a stain, the financial institution will not give you a loan;

3, constitute a crime, shall be investigated for criminal responsibility according to law.

General taxpayers enjoy the following benefits:

1. General taxpayers can issue special invoices and VAT invoices;

2. General taxpayers have standardized financial, taxation and management requirements and high requirements for financial personnel, which can reduce business risks and tax-related risks;

Ordinary taxpayers can prove the strength of the company and cooperate with larger companies. Usually, large companies are ordinary taxpayers, so their business is easy to grow;

4. Ordinary taxpayers can get the VAT input ticket deduction, and the tax burden is reasonable. The business with low Mao Lijiao can also be done, and the business is easy to expand.

To sum up, taxation is an important prerequisite for ensuring national income, and the development of the country cannot be separated from financial support. Paying taxes consciously is the obligation of every citizen and enterprise.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 54 of the Enterprise Income Tax Law of People's Republic of China (PRC) stipulates that enterprise income tax shall be paid in advance on a monthly or quarterly basis, and the enterprise shall, within 15 days after the end of the month or quarter, submit a tax return for prepaid enterprise income tax to the tax authorities to pay taxes in advance; The enterprise shall, within five months after the end of the year, submit the annual enterprise income tax return to the tax authorities for final settlement and settlement of the tax refund.