Personal income tax

Personal income tax

Principal tax-exempted incomes

      • Relocation expenses reimbursed by employer
      • Medical expenses reimbursed by employer
      • Traveling expenses spent by employee exclusively and wholly in performance of duties and reimbursed by employee at actual cost
      •  Traveling per diem paid in lump sum and not  exceeding THB270 per day for trip within Thailand and THB3,100 per day for overseas trips outside Thailand
      • Portion of employee’s contribution to an approved provident fund in excess of THB10,000 but not exceeding THB500,000 (i.e. up to THB490,000 per year)
      • Amount invested in a Retirement Mutual Fund (RTF) to the extent that such amount plus any contributions to an approved provident fund do not exceed either 15% of taxable income or THB500,000
      • Amount invested in a Long Term Equity Fund(LTF) to the extent that such amount plus any contributions to an approved provident fund do not exceed either 15% of taxable income or THB500,000 (held for 7 calendar years)
      • Severance pay of up to 300 day’s wages under Thai labour law, with a maximum of THB300,000
      • Income of up to THB190,000 earned by Thai tax residents aged 65 years and over
      • Group medical insurance premiums paid by employee (under policies with terms not exceeding 1 year)

Allowances and reliefs

Expense allowance =   50% but not over THB100,000
Personal allowance =   THB60,000
Spouse allowance =   THB60,000
Parent allowance =   THB30,000/parent
Child allowance =   THB30,000/child
Life insurance allowance (only local insurance policies with minimum period of 10 years) =   Actual premium but not over THB100,000
Provident fund allowance =   Actual contribution but not exceeding THB10,000 (Note: up to THB490,000 of any excess is also deductible by way of income exemption)
Interest allowance (housing loans) =   Actual interest paid but not over THB100,000
Contributions to Thai Social Security Fund =   Actual contribution (normally 5% of base salary with a cap of THB750 per month)
Educational donation allowance =   2 time of actual payment but not over 10% of taxable income after deductions of other allowances
Donation allowance =   Actual donation but not over 10% of not assessable income
Health Insurance premiums paid for parents =   Actual premium paid but not over THB15,000
Premium paid for pension insurance contract =   Actual premium but not exceeding 15% of taxable income or capped at THB200,000, and not exceeding THB500,000 in aggregate when included amount of Provident Fund and/or RMF

Income tax rate

Income (THB) Tax rate %  Tax on certain level of income
Accumulated income (THB) Accumulated tax payable (THB)
 0 – 150,000  0 150,000
150,001 – 300,000 5 300,000 7,500
300,001 – 500,000 10 500,000 27,500
500,001 – 750,000 15 750,000 65,000
750,001 – 1,000,000 20 1,000,000 115,000
1,000,001 – 2,000,000 25 2,000,000 365,000
2,000,001 – 5,000,000 30 5,000,000 1,265,000
5,000,001 and over 35