Thailand Income Tax Calculator

Tax Year: 2024 – 2025

In Thailand, personal income tax rates are progressive. Income up to 150,000 Thai Baht is exempt. The rate starts at 5% for income over 150,000 Baht and gradually increases, reaching 35% for income exceeding 5,000,000 Baht.

Effortlessly calculate your income taxes and relevant social security contributions using our Thailand salary calculator.

Salary Calculator Thailand

To use the Thailand income tax calculator, simply input your gross income and income type to begin.

Thailand Tax Calculator
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Your Income Taxes Breakdown

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Full Breakdown

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Notice: This calculator currently computes Personal Income Tax (PIT) and all necessary social security contributions.

Convert Your Salary To THB

TaxAssist+ from The Next Gen Business is a tax calculation tool, tailored to use each country’s local currency for precision and simplicity.

To fully utilize this feature, please convert your native currency into THB, ensuring accurate and efficient tax computations.

Found an error in our calculator? Send us a message →

📌 What Is the Average Salary in Thailand?

In Thailand, the average annual salary is approximately 1,436,117 THB, with the most typical earning being around 413,162 THB.

Bustling Bangkok’s ฿75,000 monthly brings a dynamic lifestyle, while Chiang Mai’s ฿45,000 monthly offers a slower pace and rich cultural tapestry. Phuket’s ฿55,000 monthly attracts tourism professionals with sunshine and beaches.

📌 What Is the Minimum Wage in Thailand?

Thailand’s minimum wage ranges from ฿328 to ฿354 (approximately USD 9.01–USD 9.72) per day, varying based on the cost of living in different provinces.

📌 What Are The Types of Taxes in Thailand?

Thailand’s individual income tax rates range from 0% to 35%.

Corporate entities are taxed at 20%.

A rate of 7% is applied for VAT.

References

  • PricewaterhouseCoopers: taxsummaries.pwc.com
  • OECD.Stat: stats.oecd.org/index.aspx?DataSetCode=TABLE_I5
  • Trading Economics: tradingeconomics.com/country-list/social-security-rate
  • KPMG: kpmg.com/sg/en/home/services/tax/tax-tools-and-resources.html

TaxAssist+ by The Next Gen Business: Advanced Income Tax and Contribution Calculations for the 2024/25 Tax Year

TaxAssist+ streamlines the complexity of income tax calculations by accurately considering not only your gross income and the nature of your income (e.g., self-employed, traditional employment), but also essential deductions and contributions. This tool is designed to provide a comprehensive assessment of your tax obligations, including income taxes and social security contributions.

Step-by-Step Calculation Process:

  1. Computing Gross Income and Adjustments: We start by calculating your gross income, taking into account the type of income you earn. This is crucial in determining the subsequent steps and applicable rules in the calculation process.
  2. Determining Taxable Income: After identifying the gross income, TaxAssist+ calculates your taxable income. This involves adjusting your gross income with allowable deductions, considering factors unique to your income type. This step is pivotal in ensuring an accurate basis for tax calculation.
  3. Incorporating Income Taxes and Social Security Contributions: Our sophisticated algorithm then calculates your income tax liabilities and social security contributions, if applicable. This integration is a key differentiator, as it provides a more comprehensive overview of your total tax obligations.

TaxAssist+ ensures a thorough and accurate estimated tax calculation, providing you with clear insights into your financial obligations and aiding in effective financial planning.

Update Schedule: TaxAssist+ continuously monitors for amendments to tax rates and regulations, ensuring that our calculators remains current for the current tax year.

Customer Support: For any comments or inquiries, we encourage you to reach out directly to our support team via our contact page.

Step 1

Our international research professionals meticulously compile and scrutinize the latest tax laws and regulations to ensure foundational accuracy.
Antonio Garcia
Macroeconomics Research Expert

Step 2

A dedicated team of independent fact-checkers rigorously reviews and authenticates the compiled data for integrity and compliance.
Fact-checked
By independent fact-checkers

Step 3

Our tech team then integrates these verified updates into the TaxAssist+ calculators, ensuring they reflect the most current tax rates.
Liam Hollis
Product & IT Lead at TNGB Research

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