Personal Income Tax in Thailand

TAXABLE INCOME = Assessable Income - deductions - allowances

Deductions allowed for the calculation of PIT

Type of Income & Deductions

a. Income from employment - 40% but not exceeding 60,000 baht

b. Income received from copyright - 40% but not exceeding 60,000 baht

c. Income from letting out of property on hire

1) Building and wharves - 30%
2) Agricultural land - 20%
3) All other types of land - 15%
4) Vehicles - 30%
5) Any other type of property - 10%

d. Income from liberal professions - 30% except for the medical profession where 60% is allowed

e. Income derived from contract of work whereby the contractor provides essential materials besides tools - actual expense or 70%

f. Income derived from business, commerce, agriculture, industry, transport, or any other activities not specified in a. to e - actual expense or 65% - 85% depending on the types of income


Allowances (Exemptions) allowed for the calculation of PIT

Types of Allowances & Amount

Personal allowance

- Single taxpayer : 30,000 baht for the taxpayer

- Undivided estate : 30,000 baht for the taxpayer’s spouse

- Non-juristic partnership or body of persons : 30,000 baht for each partner but not exceeding 60,000 baht in total


Spouse allowance

Child allowance (child under 25 years of age and studying at educational institution, or a minor, or an adjusted incompetent or quasi-incompetent person) - 30,000 baht & 15,000 baht each (limited to three children)


Education (additional allowance for child studying in educational institution in Thailand) : 2,000 baht each child

Parents allowance : 30,000 baht for each of taxpayer’s and spouse’s parents if such parent is above 60 years old and earns less than 30,000 baht

Life insurance premiums paid by taxpayer or spouse : Amount actually paid but not exceeding 100,000 baht each

Approved provident fund contributions paid by taxpayer or spouse : Amount actually paid at the rate not more than 15% of wage, but not exceeding 500,000 baht

Long term equity fund : Amount actually paid at the rate not more than 15% of wage, but not exceeding 500,000 baht

Home mortgage interest : Amount actually paid but not exceeding 100,000 baht

Social insurance contributions paid by taxpayer or spouse : Amount actually paid each

Charitable contributions : Amount actually donated but not exceeding 10% of the income after standard deductions and the above allowances

Tax rates of the Personal Income Tax

Taxable Income

0 - 150,000 - Exempt
150,001 - 500,000 - 10%
500,001 - 1,000,000 - 20%
1,000,001 - 4,000,000 - 30%
4,000,001 and over - 37%