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en:tax:pit [2024/06/08 11:22] – [3.1 Progressive Tax Rates] bullar | en:tax:pit [2024/07/08 07:17] (current) – [3.1 Progressive Tax Rates] bullar | ||
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====== Personal Income Tax (PIT) ====== | ====== Personal Income Tax (PIT) ====== | ||
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Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, | Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, | ||
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In the case where income categories (2) - (8) mentioned in 2.1 are earned more than 60,000 Baht per annum, taxpayer has to calculate the amount of tax by multiplying 0.5% to the assessable income and compare with the amount of tax calculated by progressive tax rates. Taxpayer is liable to pay tax at the amount whichever is greater. | In the case where income categories (2) - (8) mentioned in 2.1 are earned more than 60,000 Baht per annum, taxpayer has to calculate the amount of tax by multiplying 0.5% to the assessable income and compare with the amount of tax calculated by progressive tax rates. Taxpayer is liable to pay tax at the amount whichever is greater. | ||
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====3.2 Separate Taxation==== | ====3.2 Separate Taxation==== | ||
There are several types of income that the taxpayer shall not include or may not choose to include such income to the assessable income in calculating the tax liability. | There are several types of income that the taxpayer shall not include or may not choose to include such income to the assessable income in calculating the tax liability. |