How to Calculate Personal Income Tax in Myanmar
Tags: personal income tax in myanmar-jobsinyangon.com-rogerquest
1. Allowance for Parents : 1,000,000 MMK for father and 1,000,000 for Mother
2. Child Allowance : 500,000 MMK for a child ( If the child is above 18 years old and if the child is student, allowance for this child will be considered)
3. Presonal Relif : 20%
4. Spouse Allowance : 100,0000 MMK
5. If the employee will earn not more than 4,800,000 MMK per year, he/she is not eligible for Personal Income Tax.
For Example , if you earn MMK 1,632,000 per month, please see below,
| Monthly Salary (MMK) | 1,632,000 | ||
| Income for 12 month(s) | 19,584,000 | ||
| Personal Relief | -3,916,800 | 20% | |
| Parent Relief | -2,000,000 | 2000000 for father and mother | |
| Spouse Relief | -1,000,000 | Spouce Reliefe | |
| Child Relief | -1,000,000 | Allowance for two child | |
| Social Security | -72,000 | ||
| Total Relief | -7,988,800 | ||
| Taxable Income | 11,595,200 | Employee needas to pay PIT based on this tax | |
| Total Tax (MMK) | 889,280 | ||
| Monthly Tax (MMK) | 74,107 | ||
| Details Calculation for taxable income | |||
| Description | Rate | Taxable | Tax Amount (MMK) |
| Up to 20 Lakh | 0% | 2,000,000 | 0 |
| 20 Lakh - 50 Lakh | 5% | 3,000,000 | 150,000 |
| 50 Lakh - 100 Lakh | 10% | 5,000,000 | 500,000 |
| 100 Lakh - 200 Lakh | 15% | 1,595,200 | 239,280 |
| Total | 11,595,200 | 889,280 | |
Salary Up to 450,000 MMK
| Example | ||||
| Monthly Salary (MMK) | 450,000 | |||
| Income for 12 month(s) | 5,400,000 | |||
| Personal Relief | -1,080,000 | 20% | ||
| Parent Relief | -1,000,000 | 2000000 for father and mother | ||
| Spouse Relief | -1,000,000 | Spouce Reliefe | ||
| Social security fees | -72,000 | |||
| Child Allowance | -500000 | 500000 per child | ||
| Total Relief | -3,652,000 | |||
| Taxable Income | 1,748,000 | ( No Need to Pay Personal Income Tax) | ||
| Details | ||||
| Description | Rate | |||
| Up to 20 Lakh | 0% | |||
| 20 Lakh - 50 Lakh | 5% | |||
| 50 Lakh - 100 Lakh | 10% | |||
| 100 Lakh - 200 Lakh | 15% | |||
| 200 Lakh - 300 Lakh | 20% | |||
| Above 300 Lakhs | 25% | |||
Still looking for your Dream job?
View all of our current vacancies NOWTOP EMPLOYERS
Yangon Industrial Gas Co., Ltd
Show the postings (3)
ATAD STEEL STRUCTURE (Myanmar) Co., Ltd.
Show the postings (3)
Myanmar Mercury Garment Co.,Ltd
Show the postings (4)
By Myanmar Decoration Co., Ltd.
La San Myanmar Trading Ltd
Show the postings (5)
Category
Recruitment AdviceCareer Advice
JobsInYangon Tips
The newest articles
- December လ (UK) Professional Marketing Diploma သင္တန္းအတြက္ Christmas Special Package
by www.jobsinyangon.com
December လ (UK) Professional Marketing Diploma သင္တန္းအတြက္ Christmas Special Package - Executive Diploma in Business Management (CSR) EDBM-CSR
by www.jobsinyangon.com
Executive Diploma in Business Management (CSR) EDBM-CSR - MESI ရဲ႕ လူေမးမ်ားလြန္းတဲ့ Management Level မ်ားအတြက္ ရည္ရြယ္ၿပီးဖြင့္လွစ္သင္ၾကားေပးသည့္
by www.jobsinyangon.com
MESI ရဲ႕ လူေမးမ်ားလြန္းတဲ့ Management Level မ်ားအတြက္ ရည္ရြယ္ၿပီးဖြင့္လွစ္သင္ၾကားေပးသည့္ - Helpful Tips For Fresh Graduate
by www.jobsinyangon.com
ေက်ာင္းျပီးကာစ လုပ္ငန္းခြင္ဝင္မည့္ လူငယ္မ်ားအတြက္ အေထာက္အကူ ျဖစ္ေစမည့္အခ်က္မ်ား' ကုိ Puma Energy Myanmar မွ Country HR Manager ေဒၚပို႔ပုိ႔ျမင့္မွ ေျဖၾကားေပးထားပါတယ္။ - Career Change Part-1
by www.jobsinyangon.com
အခုဆုိရင္ မိမိရဲ့ career ကို ေျပာင္းခ်င္တဲ့သူေတြအမ်ားၾကီးေတြ႔ေနရတယ္။ ေျပာင္းခ်င္ေပမယ့္လည္း ဘယ္လုိလုပ္ရမလဲဆုိတာကုိ မသိၾကဘူး။ အဲ့ဒီေတာ့ Career Change နဲ႔ ပက္သက္ျပီး Ms Laura Cho ( Group Talent & People Engagement Manager of Jardine Schindler Group -HKG) မွ ေဆြးေႏြးတင္ဆက္ေပးထားပါတယ္။
Most popular articles
- CVတစ္ေစာင္အားတည္ေဆာက္ၿခင္း
by Administrator
အမ်ားသူငါေတြရဲ့ CV ေတြထဲကေန အလုပ္ရွင္မ်ားစီမွ ဦးစြာေရြးခ်ယ္ဖတ္ရႈျခင္းခံရတဲ့ CVဟာ ေသသပ္တိက်မႈနဲ႔ အစီအစဥ္တက်ရိွစြာ တည္ေဆာက္ထားတဲ့CV တစ္ေဆာင္ဆိုတာကေတာ့ ယံုမွားဖြယ္မရိွပါဘူး ။ အဲဒီအတြက္ CVတစ္ေစာင္ကိုေရးသား တည္ေဆာက္ေတာ့ မယ္ဆိုရင္ ေအာက္ပါအခ်က္မ်ားကို ဂရုၿပဳေစလိုပါတယ္။
- How to Calculate Personal Income Tax in Myanmar
by www.jobsinyangon.com
How to calculate Personal Income Tax in Myanmar - "Cover Letter တစ္ေစာင္ ဘယ္လိုေရးမလဲ"
by Admin
CV ႏွင့္အတူ ပူးတြဲေလွ်ာက္ရတဲ့ Cover Letter နဲ႔ပက္သက္ျပီးလည္း ေျပာျပခ်င္ပါတယ္။ - PART TIME job search TIPS
by Administrator
Finding part-time jobs today is very easy if you use the following tips. With these tips will you can create a very good impression on your employers and get valuable references for future employment. These tips will set you apart from the crowd.
- Ask these 4 Things an Employee Who's Leaving
by Admin
အလုပ္ထြက္ေတာ့မည့္ ဝန္ထမ္းတစ္ေယာင္အား ထို အေၾကာင္းအရာ ၄ ခုကိုေမးပါ။
