DEDUCTIONS WHEN CALCULATING TAXABLE INCOME FROM WAGES, REMUNERATIONS.
Source: finexhr.com Personal income tax is: The amount is required to pay a portion of your salary or from other sources of income to the state budget. At the same time, depending on the nature of the personal income, income is divided into two categories: regular income and irregular income. Income from salaries and wages is one of the regular income of the individual and to taxable. However, the state also minds of the standard of living and the needs, goals essential to make deductions when calculating PIT. 1) Personal deduction: Personal deduction is the amount of money deducted from the taxable income before calculating tax on incomes from wages earned by the resident taxpayer. Deduction for the taxpayer: 9 million VND/month, 108 million VND/year. Deduction for each dependant: 3.6 million VND/month. Dependants include: - Children, legitimate adopted children, illegitimate children, stepchildren, in particula: Children under 18 years of age; Childr...