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
Sumitomo Mitsui Construction Co,.Ltd.
..To respond to widespread expectations toward the collective abilities of its merging partners to enhance social and living infrastructures, Sumitomo Mitsui Construction Co.,Ltd. (SMC) was born on Ap...
Show the postings (6)
Show the postings (6)
River King Ayeyar Construction Co., Ltd.
Our Vision
To develop and maintain an everlasting strong relationship with our client based on trust and the quality of services provided by us.
Our Mission
To deliver excellence quality in time...
Show the postings (20)
Show the postings (20)
World Trading Co.,Ltd
..Exporters Importers and Distributors
We Import Laboratory Chemicals, Perfume Body Spray,European & Turkish Premium Food Products Yonca Sunflower Oil, Rio Santo Sauce
Sole Distributor in Myanmar.
...
Show the postings (3)
Show the postings (3)
Amazing One Trading Co., Ltd.
.Elegant in style. Unique in designs. Serviced by professionals.
Your most satisfying experience to decorate your home. All at Amazing One....
Show the postings (8)
Show the postings (8)
DHL Global Forwarding Myanmar
Vision:
Our Purpose
Our Guiding Principle
Our Customer PromiseDHL Global Forwarding Myanmar was opened in August 2013 and is providing freight forwarding services, international supply chain servic...
Show the postings (2)
Show the postings (2)
Category
Recruitment AdviceCareer Advice
JobsInYangon\'s News
The newest articles
- Things To Do After Getting the Promotion You Deserve for the First Time
by www.jobsinyangon.com
ပထမဆုံးအႀကိမ္ ရာထူးတိုးျမင့္ေပးျခင္းကို ထိုက္တန္စြာရရွိလာတဲ့အခါ လုပ္ေဆာင္ထားသင့္သည့္ အရာမ်ား - 5 Effective Strategies that will get you a new job
by www.jobsinyangon.com
မိမိတို႔ေလွ်ာက္ထားလိုက္တဲ့အလုပ္တစ္ခုကို ေသခ်ာေပါက္ရရွိႏိုင္ေစရန္ အေထာက္အကူျဖစ္ေစမည့္ နည္းလမ္းမ်ား - Ways to regain your productivity level after long holidays
by www.jobsinyangon.com
ပိတ္ရက္ရွည္မ်ားအၿပီးတြင္ သင့္ရဲ႕ Productivity ကို ျပန္လည္ျမႇင့္တင္ေပးႏိုင္မည့္ နည္းလမ္းမ်ား - 4 Things You Need To Be Happpy At Work
by www.jobsinyangon.com
လုပ္ငန္းခြင္အတြင္း အလုပ္လုပ္ကိုင္ရာတြင္ ေပ်ာ္႐ႊင္တက္ႂကြမႈရွိေစဖို႔အတြက္ လိုအပ္ေသာ အခ်က္ (၄) ခ်က္ - New video game company aims to develop therapeutic games
by www.jobsinyangon.com
Video game ကုမၸဏီအသစ္တစ္ခုမွ ကုထုံးတစ္ခုအေနျဖင့္ အသုံးခ်ႏိုင္မည့္ ဂိမ္းမ်ားကို develop ျပဳလုပ္သြားရန္ လုပ္ေဆာင္လွ်က္ရွိ
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 - Math quiz today for you
by Administrator
Today it looks difficult. It takes us 3 minutes:-)
