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Salary (THB)
Monthly salary
Months
Yearly salary
Other income (THB)
Income
Months
Yearly Other income
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deduct
Expenses (50% not exceed 100,000)
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deduct
Allowance :-
Personal
Spouse (THB 60,000)
Chidren (THB 30,000 each)
Life Insurance in Thailand (maximum 100,000)
Interest on housing loan (maximum THB 100,000)
Parents allowance (THB 30,000 each)
LTF (Maximum 15% of income, but not over than THB 500,000)
RMF (Maximum 15% of income, but not over than THB 500,000)
Social security fund
Personal income - tax base
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Progressive rate
( 1 - 150,000 )
rate
INCOME
TAX
0%
( 150,001 - 300,000 )
5%
( 300,001 - 500,000 )
10%
( 500,001 - 750,000 )
15%
( 750,001 - 1,000,000 )
20%
( 1,000,001 - 2,000,000 )
25%
( 2,000,001 - 5,000,000 )
30%
( 5,000,001- UP )
35%
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Effective Tax Rate
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Calculation of income
Gross income
Yearly actual
Tax
Net income THB
Net income EUR (approx.)
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