Salary, personal income tax, contributions to the FIU and FSS

It is clear that in the total wage, which the employee receives “on his hands”, there is some kind of basic basis, let’s call it the salary necessary for a person to be able to satisfy his primary needs. There is even such a term – the minimum subsistence level. The relevant authorities recount it quarterly and publish it. In the Tomsk region, for example, in the third quarter of 2014, it amounts to 8,815 rubles. At the same time, this indicator serves as a signal beacon for entrepreneurs in determining the minimum wage. Continue reading →