Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
601,224 บาท
Income Tax
- 41,334 บาท
Social Security Fund
- 9,000 บาท
Total tax
- 50,334 บาท
Net pay
* 550,890 บาท
Marginal tax rate
15.0%
Average tax rate
8.4%
91.6%
Net pay
8.4%
Total tax
Total tax
Net pay
Summary
If you make 601,224 บาท a year living in Thailand, you will be taxed 50,334 บาท. That means that your net pay will be 550,890 บาท per year, or 45,908 บาท per month. Your average tax rate is 8.4% and your marginal tax rate is 15.0%. 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 15 บาท, hence, your net pay will only increase by 85 บาท.
Bonus Example
A 1,000 บาท bonus will generate an extra 850 บาท of net incomes. A 5,000 บาท bonus will generate an extra 4,250 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.