Income Tax Calculator Thailand
Find out how much your salary is after tax
Salary rate
Withholding
Salary 20,231 บาท
Social Security Fund - 1,012 บาท
Total tax - 1,012 บาท
Net pay * 19,219 บาท
Marginal tax rate 5.0%
Average tax rate 5.0%
5%Total tax
95%
Net payThe Taxberg


19,219 บาท
Net pay
1,012 บาท
Tax the employer pays
1,012 บาท
Tax you pay



Total tax paid
฿2,024
Did you know your employer also pays tax on your salary? It costs the employer 1,012 บาท to pay you 20,231 บาท. In other words, every time you spend ฿10 of your hard-earned money, ฿1 goes to the government.
Real tax rate
9.5%
So, with you and the employer both paying tax, what used to be a 5% tax rate now rises to 9.5%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
People also ask20,231 บาท yearly is how much per hour?10 บาท hourly is how much per year?What is the average salary in Thailand?
Summary
If you make 20,231 บาท a year living in Thailand, you will be taxed 1,012 บาท. That means that your net pay will be 19,219 บาท per year, or 1,602 บาท per month. Your average tax rate is 5.0% and your marginal tax rate is 5.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of ฿100 in your salary will be taxed ฿5, hence, your net pay will only increase by ฿95.
Bonus ExampleA ฿1,000 bonus will generate an extra ฿950 of net incomes. A ฿5,000 bonus will generate an extra ฿4,750 of net incomes.
NOTE* Withholding is calculated based on the Thailand tables of TH, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.