QHRM’s Free PIT Calculation Tool

Name: Myanmar Tax Calculator
Brand: QHRM
Price: Free USD
Availability: InStock

QHRM offers a complimentary Personal Income Tax (PIT) calculation service for all salaried individuals directly on our website. Simply input your salary details into our intuitive and magical calculator, and it will instantly compute your PIT. This feature ensures accuracy and convenience, allowing users to effortlessly manage their tax obligations. Our tool is designed to provide quick, reliable results, making tax calculations easier than ever. Experience the ease of accurate tax management with QHRM’s PIT calculator today.

Note : Considering April as the first month and March as the twelfth, your taxation will be calculated accordingly for the financial year.

SSB Info

Social Security Board (SSB) will be calculated on monthly basic salary.

Case 1 - If Employee's age is less than 60 years then below rules will be applicable -

i. - If Monthly Basic Salary is less than 144,000 MMK then SSB will not be applicable.

ii. - If Monthly Basic Salary is between 144,000 MMK and 300,000 MMK then SSB is calculated as 2% of Monthly Basic Salary.

iii. - If Monthly Basic Salary is more than 300,000 MMK , then SSB is calculated as 2% of Max limit of Basic Salary which is 300,000 MMK

Case 2 - If Employee's age is more than 60 years then SSB is calculated as 2.5% of Monthly Basic salary

Starting Month

Number of Remaining Months if Payroll starts in the middle of Financial year

Monthly Salary

I have different salary for months

Annual Salary

0.00

Other Taxable Earning

Other Taxable Deduction

Total Yearly Taxable Income

No tax is payable if total income under salaries does not exceed 4,800,000 MMK.

0.00

20% Personal Allowance

Personal Allowance involves taking 20% of the individual's Annual Income, but if that amount exceeds 10,000,000 MMK, the Personal Allowance will be capped at the maximum limit of 10,000,000 MMK.

0.00

Parents Relief

1,000,000 MMK per parent for dependent parents living with the taxpayer. The term “parent” includes a father or mother.

0.00

Spouse Relief

In the event that the spouse is a non-earner, spouse will be granted a Spouse Allowance totaling 1,000,000 MMK.

0.00

Child Relief

500,000 MMK per annum for each child living with the taxpayer who fulfills ALL of the following criteria:
1) is Unmarried
2) is not earning assessable income
3) is either under 18, or if 18 or over, is in full-time education

0.00

Other Investment

Premiums paid for the life insurance of the taxpayer and taxpayer’s spouse

Social Security Board (SSB)

2% of Basic Salary will be calculated as Monthly SSB, Minimum of 144,000MMK and Maximum limit of Basic Salary is 300,000MMK for SSB.

Total Relief Amount As per the Ministry of Planning, Finance, and Industry, a relief of 20% of the individual’s income is allowed (for Myanmar citizens and resident foreigners in Myanmar). However, the total of such basic relief should not be more than MMK 10 million of income within an income year.	0.00
Total Taxable Amount Total taxable income is calculated by subtracting the allowable personal tax reliefs and declared exemptions from the individual’s total net earnings, in accordance with Myanmar tax laws.	0.00
Taxable Income Range (MMK)	Your Taxable Amount	Tax %	Amount
1 to 2,000,000		0%	0.00
2,000,001 to 10,000,000		5%	0.00
10,000,001 to 30,000,000		10%	0.00
30,000,001 to 50,000,000		15%	0.00
50,000,001 to 70,000,000		20%	0.00
70,000,001 and above		25%	0.00
Yearly Tax			0.00
Monthly Tax			0.00

QHRM’s Free PIT Calculation Tool

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