Personal income tax is an amount of money that employees must deduct from their income to pay to the state. So how much is personal income tax? How is personal income tax calculated? See the following article for details.
See also:
Is severance pay subject to personal income tax?
Are gasoline and phone allowances subject to personal income tax?
[Answer] Is the 13th month salary subject to personal income tax?
Table of Contents Hide
1. Indicators to know before calculating personal income tax
Taxable income
Taxable income
Tax-exempt income
Personal income tax rate
2. What salary level is subject to personal income tax in 2024?
3. How to calculate personal income tax yourself
3.1. How to calculate personal korea telegram data income tax for resident individuals
3.2. How to calculate personal income tax for non-resident individuals
4. How to calculate personal income tax online
4.1. Calculating personal income tax on Vietnamese law
4.2. Calculate personal income tax on the Law Library
5. Personal income tax calculation table for each specific salary level
6. How to reduce personal income tax payable
1. Indicators to know before checklist: how to turn a lead into a client calculating personal income tax
Taxable income
Taxable income is the total of all income from wages, salaries and income of a similar nature to wages and salaries, excluding the ws data following:
Lunch money, mid-day meal money.
Telephone allowance.
Uniform allowance
Business trip allowance.
Income from wages earned by workers working overtime.
Specifically, Clause 2, Article 2 of Circular 111/2013/TT-BTC details 10 taxable income items .
Taxable income
Taxable income is taxable income minus personal income tax deductions as prescribed in Article 9 of Circular 111/2013/TT-BTC.
Personal income tax deductions include
Family deduction : Individuals pay tax at the rate of 132 million VND/year equivalent to 11 million VND/month and for dependents it is 4.4 million VND/month.
Compulsory social insurance (social insurance, health insurance, unemployment insurance) and special insurance depending on the required industry.
Deductions for voluntary contributions include: insurance premiums, charity, education promotion, humanitarian fund contributions and pensions.
In which, the conditions for calculating family deductions for dependents are:
Taxpayers have registered and been issued a tax identification number.
Taxpayers need to submit documents proving dependents.