Personal Tax Rates
May 15th, 2010
PERSONAL INCOME TAX is applied on a graduated scale as follows;
| Net Annual Income (Baht) | Tax Rate | |
| 0 | 150,000 | 0% |
| 150,001 | 500,000 | 10% |
| 500,001 | 1,000,000 | 20% |
| 1,000,001 | 4,000,000 | 30% |
| 4,000,001 | over | 37% |
Other types of taxable income and the rate of standard deduction include:
. Interest, dividends, capital gains on the sale of securities: Forty percent but not exceeding 60,000 baht.
. Rental income: Ten percent to 30 percent depending on type of property leased.
. Professional fees: Sixty percent for income from medical practice, 30 percent for others.
. Income derived by contractors: Seventy per cent.
. Income from other business activities: Sixty-five percent to 85 percent depending on the nature of the business activity.
The following annual personal allowances are permitted:
| Taxpayer | THB 30,000 |
| Taxpayer’s spouse | THB 30,000 |
| Each child’s education | THB 15,000 (limit 3) |
| For taxpayer contributions to an approved provident fund | THB 10,000 |
| For taxpayer and spouse for interest payments on loans for purchasing, hire-purchasing or construction of residential buildings | THB 10,000 |
| For taxpayer and spouse with respect to contributions to Social Securities Fund | Actual contribution not more than 10% of adjusted income |
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