Lulie
Last Activity: Oct 24 '23, 10:50 PM
Joined: Apr 6 '20
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Sorry 20,000*35%-1,500=5,500 -
Income per Month Tax Rate Deduction Rate
Up to 600.00 0% -
601.00 - 1,650.00 10% 60.00
1,651.00 - 3,200.00 15% 142.50
3,201.00 - 5,250.00 20% 302.50
5,251.00 - 7,800.00 25% 235.00
7,801.00 - 10,900.00 30% 955.00
Over 10,900.00 35% 1,500.00
Taxable salary is 20,000 per month. The calculation in xcel is
20,000*35*1,500...Leave a comment:
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Cactusdata
When i calculate in Excl The tax is 5,500 .Because the tax system is progressive tax system.
Rabbit. It is like that you understand it well.
Thank you so much allLeave a comment:
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How to Calculate Personal income Tax Based on Bands?
The table band is as follows
No. Salary Range New Tax Rate
1 0 – *600 * Non-Taxable
2 601 *– 1,650 10%
3 1,651 – 3,200 15%
4 3,201 – 5,250 20%
5 5,251* – 7,800 25%
6 7,801 – 10,900 30%
7 Over 10,900 35%
Is there Any one can help me? .If i get 20,000 How much I pay tax
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