Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
24,640 บาท
Social Security Fund
- 1,232 บาท
Total tax
- 1,232 บาท
Net pay
* 23,408 บาท
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
Summary
If you make 24,640 บาท a year living in Thailand, you will be taxed 1,232 บาท. That means that your net pay will be 23,408 บาท per year, or 1,951 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 บาท in your salary will be taxed 5 บาท, hence, your net pay will only increase by 95 บาท.
Bonus Example
A 1,000 บาท bonus will generate an extra 950 บาท of net incomes. A 5,000 บาท bonus will generate an extra 4,750 บาท of net incomes.
NOTE* Withholding is calculated based on the tables of Thailand, 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.