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
Amazing One Trading Co., Ltd.
Show the postings (8)
Digital Laboratory Co., Ltd.
Show the postings (2)
Trust Venture Partners Co., Ltd
Show the postings (36)
Beyond Group of Companies
Show the postings (1)
Schenker Myanmar Co., Ltd.
Show the postings (1)
Category
Recruitment AdviceCareer Advice
JobsInYangon\'s News
The newest articles
- 12 Common Career Mistakes You Need to Avoid If You Want to Get Ahead (Part – 1)
by www.jobsinyangon.com
သင့္အေနနဲ႔ ေရွ႕သို႔ေရာက္လိုပါက ေရွာင္လႊဲသင့္ေသာ သက္ေမြးဝမ္းေက်ာင္းမႈဆိုင္ရာ အမွား (၁၂) ခု (အပိုင္း-၁) - 12 Common Career Mistakes You Need to Avoid If You Want to Get Ahead (Part – 2)
by www.jobsinyangon.com
သင့္အေနနဲ႔ ေရွ႕သို႔ေရာက္လိုပါက ေရွာင္လႊဲသင့္ေသာ သက္ေမြးဝမ္းေက်ာင္းမႈဆိုင္ရာ အမွား (၁၂) ခု (အပိုင္း-၂) - How to Deal With a Difficult (or Angry) Customer Part – 2
by www.jobsinyangon.com
ေျဖရွင္းရန္ခက္ခဲေသာ (သို႔) စိတ္ဆိုးေနေသာ Customer တစ္ဦးကို ဘယ္လိုေျဖရွင္းႏိုင္မလဲ (အပိုင္း - ၂) - How to Deal With a Difficult (or Angry) Customer Part – 3
by www.jobsinyangon.com
ေျဖရွင္းရန္ခက္ခဲေသာ (သို႔) စိတ္ဆိုးေနေသာ Customer တစ္ဦးကို ဘယ္လိုေျဖရွင္းႏိုင္မလဲ (အပိုင္း - ၃) - 6 Critical Ways Productive People Prepare for Meetings
by www.jobsinyangon.com
လုပ္ငန္းစြမ္းေဆာင္ရည္ေကာင္းသူမ်ားက အစည္းအေဝးပြဲမ်ားအတြက္ ျပင္ဆင္တတ္ေသာနည္း (၆) နည္း
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 - 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.
- "Cover Letter တစ္ေစာင္ ဘယ္လိုေရးမလဲ"
by Admin
CV ႏွင့္အတူ ပူးတြဲေလွ်ာက္ရတဲ့ Cover Letter နဲ႔ပက္သက္ျပီးလည္း ေျပာျပခ်င္ပါတယ္။ - Ask these 4 Things an Employee Who's Leaving
by Admin
အလုပ္ထြက္ေတာ့မည့္ ဝန္ထမ္းတစ္ေယာင္အား ထို အေၾကာင္းအရာ ၄ ခုကိုေမးပါ။
