Tax Calculator
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
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Starting Month
Number of Remaining Months if Payroll starts in the middle of Financial year
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| Monthly Salary | I have different salary for months | |
| Annual Salary |
0.00
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| Other Taxable Earning | ||
| Other Taxable Deduction | ||
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Total Yearly Taxable Income
No tax is payable if total income under salaries does not exceed 4,800,000 MMK.
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0.00
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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.
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0.00
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Parents Relief
1,000,000 MMK per parent for dependent parents living with the taxpayer. The term “parent” includes a father or mother.
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0.00
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Spouse Relief
In the event that the spouse is a non-earner, spouse will be granted a Spouse Allowance totaling 1,000,000 MMK.
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0.00
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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
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Other Investment
Premiums paid for the life insurance of the taxpayer and taxpayer’s spouse
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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.
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| Total Relief Amount | 0.00 | |
| Taxable Income After All Relief | Slab % | 0.00 |
| 2,000,000 | 0% | 0.00 |
| 8,000,000 | 5% | 0.00 |
| 20,000,000 | 10% | 0.00 |
| 20,000,000 | 15% | 0.00 |
| 20,000,000 | 20% | 0.00 |
| Above | 25% | 0.00 |
| Yearly Tax | 0.00 | |
| Monthly Tax | 0.00 | |