Tax Year
The tax year is a tax income policy that is required by of Thai revenue department. The tax rate can be defined based on the income amount of rage.
- The latest update of tax income policy can be found on the Revenue Department website.
www.rd.go.th
http://www.rd.go.th/publish/fileadmin/user_upload/news/news11_2560.pdf
How to setting the Tax Year
- Go to menu: HR → Setting → Tax Year → New Tax Year
Tax Allowance
- Name: define year name
- % Of Gross Income: rate % let the expense of Gross Income
- Net Exceeding : amount exceeding the legal limit
- Tax Payer: amount deduction for the taxpayer
Social Security
- SSO Identification No.: The Social security number of the company
- Employee Rate (%): The Rate that the employees paying social security fees
- Employer Rate (%): The Rate that the company contribution to the social security fund
- Min Wage Per Month: The minimum salary that must be paid for social security
- Max Wage Per Month: The highest salary that must be paid for social security (More than this, the equivalent of the highest salary)
The detail for calculating the tax rates in Tax Year
- Min. Net Income: The minimum net income of tax rate range
- Max. Net Income: The maximum net income of tax rate range
- Tax Rate: The tax rate (percent)
- Add a new line: Add the line to add more ranges
- Save: Save for record
For example
For example to input the tax rate
