apj696 Posted February 5, 2007 Share Posted February 5, 2007 does anyone know how the tax is calculated here? on a previous salary of 35k, tax deducted was 1,800 baht now salary of 40k, tax deducted 4,700 baht? a massive difference......ur comments are appreciated Link to comment Share on other sites More sharing options...
rogerinthai Posted February 5, 2007 Share Posted February 5, 2007 does anyone know how the tax is calculated here?on a previous salary of 35k, tax deducted was 1,800 baht now salary of 40k, tax deducted 4,700 baht? a massive difference......ur comments are appreciated Makes no sense, I paid around 2,300 for a salary of 40K. Link to comment Share on other sites More sharing options...
Tywais Posted February 5, 2007 Share Posted February 5, 2007 Doing a quick calculation: 40,000 x 12 = 480,000 -30,000 (personal allowance) = 450,000 0-100,000 = 0% 350,000 = 10% = 35,000 total 35,000/12 = 2916.66 Baht/month If you have dependents (children/wife) then spouse (-30,000) children (-15,000 each) and subract from the 480,000 first. Seems you were underpaying before and now overpaying. You can work it out yourself here > http://www.rd.go.th/publish/6045.0.html It's possible if your salary change was mid year then they are correcting the deduction discrepancy. Link to comment Share on other sites More sharing options...
Cyberstar Posted February 5, 2007 Share Posted February 5, 2007 (edited) Doing a quick calculation:40,000 x 12 = 480,000 -30,000 (personal allowance) = 450,000 0-100,000 = 0% 350,000 = 10% = 35,000 total 35,000/12 = 2916.66 Baht/month If you have dependents (children/wife) then spouse (-30,000) children (-15,000 each) and subract from the 480,000 first. Seems you were underpaying before and now overpaying. You can work it out yourself here > http://www.rd.go.th/publish/6045.0.html It's possible if your salary change was mid year then they are correcting the deduction discrepancy. If income from employment: deduct 40% max 60,000 before taxing 10%. Result - the monthly taxpayments above are reduced by 500 baht yielding 2417. The 1,800 for 35,000 sounds about right and it seems like you're about double taxed now. Edited February 5, 2007 by Cyberstar Link to comment Share on other sites More sharing options...
Tywais Posted February 5, 2007 Share Posted February 5, 2007 If income from employment: deduct 40% max 60,000 before taxing 10%. Result - the monthly taxpayments above are reduced by 500 baht yielding 2417.The 1,800 for 35,000 sounds about right and it seems like you're about double taxed now. Good catch, I forgot the 60,000 employment deduction. So it would be: 40,000 x 12 = 480,000 -60,000 = 420,000 -30,000 (personal allowance) = 390,000 0-100,000 = 0% 290,000 = 10% = 29,000 total 29,000/12 = 2416.66 Baht/month And for 35k/month = 1916.66B/month Yeah, something is not right. Only thing I can think of is if they are starting to add social security to it. Link to comment Share on other sites More sharing options...
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