Summary
If you make 123,899,880 บาท a year living in Thailand, you will be taxed 42,885,808 บาท. That means that your net pay will be 81,014,072 บาท per year, or 6,751,173 บาท per month. Your average tax rate is 34.6% and your marginal tax rate is 35.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 บาท in your salary will be taxed 35 บาท, hence, your net pay will only increase by 65 บาท.
Bonus Example
A 1,000 บาท bonus will generate an extra 650 บาท of net incomes. A 5,000 บาท bonus will generate an extra 3,250 บาท of net incomes.