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
Global Wave Technology
Show the postings (8)
RHENUS LOGISTICS
FORUM8 YANGON Co.,Ltd.
Show the postings (2)
Grand Wynn Group of Companies
Show the postings (12)
YOUNG INVESTMENT GROUP CO.,LTD
Show the postings (36)
Category
Recruitment AdviceCareer Advice
JobsInYangon Tips
The newest articles
- 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။ - Career Change Part (2)
by www.jobsinyangon.com
Career Change နဲ႔ ပက္သက္ျပီး Ms Laura Cho ( Group Talent & People Engagement Manager of Jardine Schindler Group -HKG) မွ ေဆြးေႏြးတင္ဆက္မႈ အပုိင္း (၂) - Technical Skills & Employability/Soft Skills Part ( 2 )
by www.jobsinyangon.com
မိမိရဲ့ ဝန္ထမ္းေတြ Initiative Skill တုိးတက္ဖုိ႔ဆုိရင္ မိမိရဲ့ ဝန္ထမ္းေတြထဲက Potential ရွိတဲ့ ဝန္ထမ္းကုိ Delegate လုပ္ေပးဖုိ႔လုိအပ္ပါတယ္။ ဝန္ထမ္းဖက္ကလည္း Initiative Skill အတြက္ မိမိရဲ့ အထက္လူၾကီး Delegate လုပ္တာကို မေစာင့္ပါနဲ႔။ - Technical Skills & Employability/Soft Skills Part (1)
by www.jobsinyangon.com
အခုခတ္လုပ္ငန္းခြင္မွာ Talent ကုိ ရွာတဲ့အခါ Technical Skills နဲ႔ Soft Skills တုိ႔က အရမ္းကုိ အေရးၾကီးပါတယ္။ Organization လုိခ်င္တဲ့ Skill နဲ႔ Candidate/Employee မွာရွိတဲ့ Skill ၾကားမွာ Gap ေတြရွိေနၾကတယ္။ အဲ့ေတာ့ ဒီ Gap ေတြကုိ ေကာင္းမြန္ေအာင္ ဘယ္လုိလုပ္မလဲဆုိတာကုိ Oooredoo Myanmar Limited မွ Organization Development Director Ms Valentina Lwin မွ ေဆြးေႏြးတင္ဆက္ေပးထားပါတယ္။ - Preformance Management Part (1)
by Jasmine May ( HR Director- Myanmar Brewery Limited)
အဖြဲ႔အစည္းတစ္တခုရဲ့ တုိးတက္မႈဆုိတာ အဲ့အဖြဲ႔အစည္းမွာ ရွိတဲ့ ဝန္ထမ္းေတြရဲ့ တုိးတက္မႈနဲ႔ တုိက္ရုိက္အခ်ိဳးက်ပါတယ္။
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။
