Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
702,960 บาท
Income Tax
- 56,643 บาท
Social Security Fund
- 9,000 บาท
Total tax
- 65,643 บาท
Net pay
* 637,317 บาท
Marginal tax rate
17.5%
Average tax rate
9.3%
90.7%
Net pay
9.3%
Total tax
Total tax
Net pay
Summary
If you make 702,960 บาท a year living in Thailand, you will be taxed 65,643 บาท. That means that your net pay will be 637,317 บาท per year, or 53,110 บาท per month. Your average tax rate is 9.3% and your marginal tax rate is 17.5%. 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 17.52 บาท, hence, your net pay will only increase by 82.48 บาท.
Bonus Example
A 1,000 บาท bonus will generate an extra 825 บาท of net incomes. A 5,000 บาท bonus will generate an extra 4,124 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.