How much income do you have to pay tax❓

How much income do you have to pay tax❓

For this article, we would like to present about the methods of calculating annual taxes for the year. 2021, bring it to each other. If you're ready, let's go see it.

📌When can I file a tax return for an individual?

which for those who have a salary with that income The filing is usually once a year and will be filed by March 31 of the following year. But if the money received in some manner for example asset leasing income from independent professions Proceeds from the contract Proceeds from business, commerce, etc., which must be filed in the middle of the year. For income generated within the first six months by September of each year

📌How much money should a natural person have to pay tax?

As for the minimum assessable income threshold that the income earner must file a tax return, it can be divided into singles and married people.

- income type

For single people, the amount of monthly income is 10,000 baht and annual income is 120,000 baht, income in other countries for single people monthly income is 5000 baht and full year income is 60,000 baht.

For those who are married, the amount of monthly income is 18,333 baht and the yearly income is 220,000 baht, and other types of income is 10,000 baht and the yearly income is 120,000 baht.

📌 Methods for calculating taxes

Tax payable = net income multiplied by the tax rate.

By the method of earning net income, it can be obtained by bringing together all the income together to find various deductions. for example Expenses and Discounts This is deducted from the total income and the remainder is the net income that will be used for tax grading calculations.

How are you? I hope this article was helpful for all of you and see you in the next article.

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