Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
423,000 บาท
Income Tax
- 18,900 บาท
Social Security Fund
- 9,000 บาท
Total tax
- 27,900 บาท
Net pay
* 395,100 บาท
Marginal tax rate
10.0%
Average tax rate
6.6%
93.4%
Net pay
6.6%
Total tax
Total tax
Net pay
Summary
If you make 423,000 บาท a year living in Thailand, you will be taxed 27,900 บาท. That means that your net pay will be 395,100 บาท per year, or 32,925 บาท per month. Your average tax rate is 6.6% and your marginal tax rate is 10.0%. 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 10 บาท, hence, your net pay will only increase by 90 บาท.
Bonus Example
A 1,000 บาท bonus will generate an extra 900 บาท of net incomes. A 5,000 บาท bonus will generate an extra 4,500 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.