Banking and insuranceEconomical

The wage tax rate for 1401 was announced


According to the monetary financial news, the Tax Affairs Organization notified the General Directorate of Tax Affairs of the 1401 salary income tax exemption ceiling in accordance with the 5 clauses “A and B” of Note 12 of the 1401 Budget Law.

According to this communiqué, the one-year income of government and non-government employees included in the employment orders, including salaries and benefits, and all kinds of payments and works, with the exception of Eid (end-of-year bonus), is exempt from tax up to 67 million and 200 thousand Tomans.

For a surplus of 67 million and 200 thousand tomans up to a ceiling of 180 million tomans per year, 10 percent tax

For a surplus of 180 million tomans to 300 million tomans per year, 15 percent tax

For a surplus of 300 to 420 million tomans per year, 20% tax

For a surplus of 420 million tomans or more in a year, 30% tax

It is worth mentioning that if the salary tax is calculated on a monthly basis, the income from the salary up to 5 million and 600 thousand Tomans is exempt from tax.

The wage tax rate for 1401 was announced

Leave a Reply

Back to top button