Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
988,000 บาท
Income Tax
- 111,774 บาท
Social Security Fund
- 9,000 บาท
Total tax
- 120,774 บาท
Net pay
* 867,226 บาท
Marginal tax rate
21.8%
Average tax rate
12.2%
87.8%
Net pay
12.2%
Total tax
Total tax
Net pay
Summary
If you make 988,000 บาท a year living in Thailand, you will be taxed 120,774 บาท. That means that your net pay will be 867,226 บาท per year, or 72,269 บาท per month. Your average tax rate is 12.2% and your marginal tax rate is 21.8%. 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 21.84 บาท, hence, your net pay will only increase by 78.16 บาท.
Bonus Example
A 1,000 บาท bonus will generate an extra 782 บาท of net incomes. A 5,000 บาท bonus will generate an extra 3,908 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.