Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
29,001 บาท
Income Tax
- 2,315 บาท
Social Security Fund
- 375 บาท
Total tax
- 2,690 บาท
Net pay
* 26,311 บาท
Marginal tax rate
15.0%
Average tax rate
9.3%
90.7%
Net pay
9.3%
Total tax
Total tax
Net pay
Summary
If you make 696,024 บาท a year living in Thailand, you will be taxed 64,554 บาท. That means that your net pay will be 631,470 บาท per year, or 52,623 บาท per month. Your average tax rate is 9.3% 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.