According to the revenue code that concerned the personal taxable income. The premium that company paid for employees of the Group Life assurance is the employee’s income,
and employees are the beneficiaries of this insurance so employee will compute as well as income for personal income tax.
The attached file is showing the 47 people who will effect if we computed the Group Life assurance premium to their income and will be effected only July’s payment (if we process in July),
minimum 102.75 THB and Maximum 833.75 THB. Please see fine description as the attached file.
According by the revenue code only two sets of uniform in every year is an employee welfare. The greater than of two sets per year is the property or benefit derived from employment.
So employee will be computed as well as income for personal income tax.
The table below is showing the tax rate which will effect only new employee who earns more 20,000 baht per month after we announcement