Into the season “Filing tax” income for natural persons For all income earners Let’s see what items are available in the 2020 tax year, which can be “deducted” in preparation for filing.
Enter the personal income tax submission period for the 2020 tax year. All income individuals Must submit personal income tax Which even if their income does not reach the taxable threshold Must submit an annual tax return once a year between 1 Jan – 31 Mar to show the accumulated income during the past year.
Many people wonder what deductions can be made with the 2020 personal income tax filing.
For the year 2020 what additional items can be “Tax deduction“Both the traditional style that can be exercised immediately, such as personal and family allowance (parent, spouse, child, disabled or handicap), life insurance deduction such as Buying life insurance, health insurance, long-term investments such as RMF, or is it a deduction to help boost the economy Including donations to help society and political parties
In the 2020 tax year, there are many changes and additional deductions, including social security payments. Reduced as actually paid, but not more than 5,850 baht from 9,000 baht due to the year 2020, there is a reduction of social security money sent from 750 baht per month to 150 baht during March – May and 300 baht per month during September. -November Self health insurance is actually paid, but the maximum is 25,000 baht from the original 15,000 baht.Retirement Mutual Fund (RMF) can be deducted by 30% from the original 15% of annual income and must not exceed 500,000 baht.
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Along with an additional deductible, including Savings Fund (SSF) cuts 30% of the taxable income actually paid. Maximum of 200,000 baht, the Special Savings Fund (SSFX) can be deducted up to 200,000 baht and the discount from the Shop Dee Me Return measure. As actually paid, the maximum does not exceed 30,000 baht
Check the list of tax deductions for the year 63.
The discount group “personal and family”
1. Personal allowance 60,000 baht
2. A spouse who has no income 60,000 baht
3. Maternity expenses 60,000 baht
4. Child allowance fee 30,000 baht
5. Next child 30,000 baht each
6. Parents (per person) 30,000 baht
7.Sponsored people with disabilities 60,000 baht
Discounted Group “Life Insurance and Long-Term Investment”
* (Item 1 plus 2 totaling not more than 100,000 baht)
1. Life / Health Insurance 100,000 baht
2. Personal health insurance: 25,000 baht
3. Social Security Contribution 5,850 baht
4. Health insurance for parents 15,000 baht
* (Items 5 -11 combined not more than 500,000 baht)
5. Pension life insurance 15% of the income not exceeding 200,000 baht.
6. Provident fund 15% of the amount not exceeding 500,000 baht.
7. GPF 15% of the amount not exceeding 500,000 baht
8. Private Teacher Aid Fund 15% of income.
9.The National Savings Fund (NCPO) 13,200 baht
10.Saving Mutual Fund (SSF) 30% of the amount not exceeding 200,000 baht.
11. Retirement Mutual Fund (RMF) 30% of the amount not exceeding 500,000 baht.
12.Special Savings Fund (SSFX) 200,000 baht
Group reduction according to “Economic stimulus measures”
1. House interest 100,000 baht
2. The first house, years 58-16, the maximum does not exceed 120,000 baht.
3. Credit card payment fee is increased 1 times as actually paid.
4. Shop well, have a return of 30,000 baht.
Reduction group “Donation”
1. For political parties not exceeding 10,000 baht
2. Education / Sports / Government Hospital can be 2 times the donation, not more than 10% of the income.
3. Others Actual payment not more than 10% of income
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