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
Digital Dots
.DigitalDots specialises in building quality business websites that people are proud of by using our expertise in all areas of website design, development and Internet marketing.
Our passion for se...
Show the postings (7)
Show the postings (7)
Yangon Academy International School
Vision
Yangon Academy empowers each student to reach their full potential.
Mission
Yangon Academy is a dynamic international school that provides a challenging K-12, American-based education ...
Show the postings (14)
Show the postings (14)
Sea Rain Co.,Ltd
PROQC INTERNATIONAL PVT. LTD.
To nurture the trust of our customers and our team through dynamic interactions, creative supply chain solutions, and integrated partnership
The global quality solution, engineering, and consulting s...
Show the postings (3)
Show the postings (3)
Myanmar Marketing Research & Development, Ltd. (MMRD)
What we do: We help businesses and organizations to connect with their audience through print and digital directories (yellow pages), and to better understand their environment through Research Servic...
Show the postings (15)
Show the postings (15)
Category
Recruitment AdviceCareer Advice
JobsInYangon\'s News
The newest articles
- Valve announced that Steam Deck is on track to ship by the end of February
by www.jobsinyangon.com
Valve မွ Steam Deck ကို ေဖေဖာ္ဝါရီလကုန္တြင္ စတင္တင္ပို႔ႏိုင္ေတာ့မွာျဖစ္တယ္ဟု ေၾကျငာခ်က္ထုတ္ျပန္ - The Developer Studio behind MapleStory invest $400 million in AGBO
by www.jobsinyangon.com
MapleStory ဂိမ္းရဲ႕ဖန္တီးသူ Studio မွ AGBO တြင္ ကန္ေဒၚလာသန္း ၄၀၀ ခန႔္ကို ရင္းႏွီးျမႇဳပ္ႏွံမႈျပဳလုပ္ခဲ့ - Bitcoin prices dropped to an all-time low after U.S Federal remarks
by www.jobsinyangon.com
U.S Federal အစိုးရမွျပဳလုပ္ခဲ့တဲ့ မွတ္ခ်က္မ်ားအၿပီးတြင္ Bitcoin ေဈးႏႈန္းမ်ား က်ဆင္းလာခဲ့ - French regulators fined Google & Facebook over the use of cookies
by www.jobsinyangon.com
Cookie မ်ားကိုအသုံးျပဳျခင္းႏွင့္ စပ္လ်င္း၍ ျပင္သစ္ႏိုင္ငံ အာဏာပိုင္မ်ားက Google ႏွင့္ Facebook တို႔ကို အေရးယူခဲ့ - China launches iPhone and Android apps for its digital currency
by www.jobsinyangon.com
တ႐ုတ္အာဏာပိုင္မ်ားမွ ၎တို႔ထုတ္လုပ္လိုက္တဲ့ Digital ေငြေၾကးအတြက္ iPhone ႏွင့္ Android app မ်ားကို စတင္ထုတ္လႊင့္ေပးခဲ့
Most popular articles
- 8 lines Every Hard worker Wants to hear More from their Boss
by Admin
သင့္ရဲ႕ဝန္ထမ္းေတြကုိ ေပ်ာ္ရႊင္ေအာင္ထားဖုိ႕ဆုိတာ သူတုိ႕အတြက္ စိတ္အားတက္ၾကြဖြယ္ရွိေအာင္ ထားႏုိင္ရမယ့္အျပင္၊ သူတုိ႕အတြက္ ခ်ီးမြန္းစကားေတြကုိလည္း ရံဖန္ရံခါ ေျပာေပးဖုိ႕ လုိအပ္တာအမွန္ပါပဲ။ ဒါဆုိ သင့္အေနနဲ႕ သင့္ရဲ႕ဝန္ထမ္းေတြကုိ ဘယ္လုိခ်ီးမြန္းစကားေတြေျပာဆုိမလဲ၊ တစ္နည္းအားျဖင့္ ဝန္ထမ္းေတြ အၾကားခ်င္ဆုံး စကားေတြကလာလည္းဆုိတာ သိဖုိ႕လည္း လုိအပ္ပါတယ္။ ဒါဆုိ အဲ့ဒီစကားေတြဟာ ဘာေတြလည္းဆုိတာ သိရေအာင္ ဆက္ဖတ္ၾကည့္ရေအာင္။ - 10 Tips for Hiring and Retaining Gen Z Employees
by www.jobsinyangon.com
မ်ိဳးဆက္သစ္ဝန္ထမ္းမ်ားကို ေခၚယူဌားရမ္းျခင္းႏွင့္ အလုပ္ခြင္အတြင္းတည္ၿမဲမႈရွိေစေရးအတြက္ အႀကံျပဳခ်က္ (၁၀) ခ်က္ - ကိုယ့္ဆႏၵနဲ႔ထပ္တူက်တဲ့ အလုပ္တစ္ခုကို ဘယ္လိုရွာမလဲ?
by www.jobsinyangon.com
ကိုယ့္ဆႏၵနဲ႔ထပ္တူက်တဲ့ အလုပ္တစ္ခုကို ဘယ္လိုရွာမလဲ? - Cover Letter တစ္ေစာင္ကုိ မည္သို႔ေရးမည္နည္း
by www.jobless.com.mm
How to create CV - CVတစ္ေစာင္အားတည္ေဆာက္ၿခင္း
by Administrator
အမ်ားသူငါေတြရဲ့ CV ေတြထဲကေန အလုပ္ရွင္မ်ားစီမွ ဦးစြာေရြးခ်ယ္ဖတ္ရႈျခင္းခံရတဲ့ CVဟာ ေသသပ္တိက်မႈနဲ႔ အစီအစဥ္တက်ရိွစြာ တည္ေဆာက္ထားတဲ့CV တစ္ေဆာင္ဆိုတာကေတာ့ ယံုမွားဖြယ္မရိွပါဘူး ။ အဲဒီအတြက္ CVတစ္ေစာင္ကိုေရးသား တည္ေဆာက္ေတာ့ မယ္ဆိုရင္ ေအာက္ပါအခ်က္မ်ားကို ဂရုၿပဳေစလိုပါတယ္။
