Calculate personal income tax online, calculate personal income tax online

Below is an online tax calculator, online personal income tax calculator so you can get the results immediately without having to do complicated calculations. We will fill in all the required salary information in the calculator, fill in the number of dependents if any and press calculate to get the tax rate you have to pay this year.

How to calculate personal income tax by month, by year

Enter your income data including total taxable income, insurance-paying salary and number of dependents in the box below to calculate the income tax payable:

Table of Contents of the Article

Tool to quickly calculate personal income tax online

Enter your total income, insurance salary, and number of dependents in the box below to see the tax payable.

  • Social insurance (8%), health insurance (1.5%), unemployment insurance (1%) ⇒ Compulsory insurance = Salary for insurance contribution * (8% + 1.5% + 1%)
  • Personal deduction: 11,000,000 VND
  • Dependent deduction: Number of dependents x 4,400,000 VND

The end of each year will be the time to settle personal income tax for each employee of businesses and companies. Calculating personal income tax for each person will be different, depending on many factors, from exempted income, subjects with family deductions, etc. Usually, employees will authorize the company to calculate taxes, but you can also calculate the amount of personal income tax you have to pay yourself, through the WebTech360 tool below. Users just enter their income amount and see the results.

Users can calculate income tax monthly or annually.

Calculate monthly income tax

You enter your monthly income, the amount of insurance to be paid, the number of dependents and then click Calculate Personal Income Tax .

The result will show the personal income tax amount, along with a detailed calculation formula.

Calculate personal income tax online, calculate personal income tax online

Calculate personal income tax by year

By calculating personal income tax by year, users will know whether they are entitled to a refund or have to pay more. Fill in all the information as shown in the table below and then click Calculate Personal Income Tax .

Calculate personal income tax online, calculate personal income tax online

Personal income tax calculation formula

In the table below, the abbreviation TN stands for monthly taxable income (after deducting insurance and family deductions).

Level Monthly income Tax payable
1 TN <=> TN x 5%
2 5tr < tn=""><=> TN x 10% - 0.25 million
3 10tr < tn="">><=> TN x 15% - 0.75 million
4 18tr < tn=""> TN x 20% - 1.65 million
5 32tr < tn=""><=> TN x 25% - 3.25 million
6 52tr < tn=""><=> TN x 30% - 5.85 million
7 TN > 80 million TN x 35% - 9.85 million

Attention:

Each region has different regulations on the minimum salary for health insurance contributions. The above calculation is for region 1 (including major cities). For other regions, please refer to current regulations.

How to calculate the latest family deduction

According to the State's regulations, family deduction is the right of employees when they have dependents, who must be supported or cared for. The current family deduction level has also changed according to the new tax rate of the State.

Family deduction is the amount deducted from personal income taxable income before calculating tax on income from salaries and wages of taxpayers who are resident individuals.

Family deductions include the following two items:

  • Family deduction for the taxpayer himself (this is a deduction that taxpayers who are resident individuals are naturally entitled to).
  • Family deduction for dependents

Note, taxpayers are only allowed to deduct dependents if they have registered a tax code in accordance with regulations.

People with income below 11 million VND/month will not have to pay tax so there will be no family deduction.

The deduction for each dependent is 4.4 million VND/month. Each additional dependent will be deducted an additional 4.4 million VND/month.

When wanting to deduct family circumstances, taxpayers must register dependents according to the instructions below.

Each dependent is also provided with a tax identification number. You can look up your dependent's tax identification number yourself by following this article.

You can simply understand the tax calculation formula when having dependents with the example of a person earning 20 million VND and having 1 dependent.

First, you need to calculate the taxable income according to the formula: Salary received - 11 million VND - 4.4 million VND. Applying this formula, we will calculate the taxable income as:

20,000,000 – 11,000,000 – 4,400,000 = 4,600,000 (VND).

So from there we will know the tax payable of 4,600,000 is 4,600,000 * 5% = 230,0000 (VND) .

Sign up and earn $1000 a day ⋙

Leave a Comment

Devil Fruits Now Available in Blox Fruit

Devil Fruits Now Available in Blox Fruit

Every few hours, players can purchase a random Blox Fruit with a chance to get a better fruit. Although without the Devil Fruit Changer, you may miss out.

Dislyte Character Rankings, Dislyte Tier List

Dislyte Character Rankings, Dislyte Tier List

Our Dislyte character rankings will help you sort through the strongest characters from those not worth bringing into battle to those who will be at the top of your team.

Latest Phong Ma Dao Si Code and how to enter code

Latest Phong Ma Dao Si Code and how to enter code

You can also use Phong Ma Dao Si giftcode to exchange for valuable rewards.

What is Duo Mobile? Is it safe to use Duo Mobile?

What is Duo Mobile? Is it safe to use Duo Mobile?

Authenticator apps add another layer of security and are an easy and convenient way to confirm a person's identity. Duo Mobile is one of the most popular apps of this type.

Good morning images, beautiful new day images

Good morning images, beautiful new day images

Good morning images, good morning images with positive messages will help us have more energy and motivation to have a more effective working day.

OPPO Reno 5 Pro 5G Review: Other Competitors Beware

OPPO Reno 5 Pro 5G Review: Other Competitors Beware

Reno 5 Pro 5G is not much different from its predecessor, still keeping the same 6.5-inch AMOLED curved screen.

What is a mixed number?

What is a mixed number?

A mixed number is a combination of a whole number and a fraction. The fractional part of a mixed number is always less than 1.

Tips for traveling like a rich person

Tips for traveling like a rich person

Are you on a budget when it comes to traveling? Don’t worry, here are some tips from a famous travel advisor that will help you travel like a rich person.

7 Best Obsidian Plugins for Mobile

7 Best Obsidian Plugins for Mobile

In addition to tweaking the interface and making Obsidian run more efficiently, they'll give you a richer set of note-taking tools.

How to fix a blurry external display

How to fix a blurry external display

A dim external monitor can disrupt productivity and cause eye strain. Luckily, there are plenty of things you can do to fix a dim display!

Where do the symbols of male and female come from?

Where do the symbols of male and female come from?

The meaning of popular male and female symbols today may not be known to everyone. Let's learn more about male and female symbols!

The mysterious history of black holes has been decoded by scientists

The mysterious history of black holes has been decoded by scientists

One of the common misconceptions about black holes is that they not only swallow matter, but also the history of that matter. The truth about the history of black holes in the universe has finally been revealed.

No need for multiple Adobe Mobile apps, Adobe Express is the only app you need!

No need for multiple Adobe Mobile apps, Adobe Express is the only app you need!

Adobe offers more than 4 specific photo editing apps on the phone - all of which are so similar, it's hard to decipher which one you really need.

5 gadgets that turn a regular TV into a smart one

5 gadgets that turn a regular TV into a smart one

A regular TV can still learn new tricks with a few gadgets and become better than an expensive smart TV in minutes.

How to use Panasonic air conditioner remote control

How to use Panasonic air conditioner remote control

Using Panasonic air conditioner remote control properly will help us take advantage of the features on the air conditioner.