Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
851,500 บาท
Income Tax
- 83,500 บาท
Social Security Fund
- 9,000 บาท
Total tax
- 92,500 บาท
Net pay
* 759,000 บาท
Marginal tax rate
20.0%
Average tax rate
10.9%
89.1%
Net pay
10.9%
Total tax
Total tax
Net pay
The Taxberg
759,000 บาท
Net pay
9,000 บาท
Tax the employer pays
92,500 บาท
Tax you pay
Total tax paid
101,500 บาท
Did you know your employer also pays tax on your salary? It costs the employer 9,000 บาท to pay you 851,500 บาท. In other words, every time you spend 10 บาท of your hard-earned money, 1.19 บาท goes to the government.
Real tax rate
11.8%
So, with you and the employer both paying tax, what used to be a 10.9% tax rate now rises to 11.8%, meaning your real tax rate is actually 0.9% higher than what it seemed at first.
Summary
If you make 851,500 บาท a year living in Thailand, you will be taxed 92,500 บาท. That means that your net pay will be 759,000 บาท per year, or 63,250 บาท per month. Your average tax rate is 10.9% and your marginal tax rate is 20.0%. 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 20 บาท, hence, your net pay will only increase by 80 บาท.
Bonus Example
A 1,000 บาท bonus will generate an extra 800 บาท of net incomes. A 5,000 บาท bonus will generate an extra 4,000 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.