Tax Rate for Income From Salary

Tax Year 2020

Up to 600,000 0%

600,001-1,200,000 5% of the amount above 600,000

1,200,001-1,800,000 30,000+10%of the amount above 1,200,000

1,800,001-2,500,000 90,000 + 15% of the amount above 1,800,000

2,500,001-3,500,000 195,000 + 17.5% of the amount above 2,500,000

3,500,001-5,000,000 370,000 + 20% of the amount above 3,5,000,000

5,000,001-8,000,000 670,000 +22.5% of the amount above 5,000,000

8,000,001-12,000,000 1,345,000+25% of the amount above 8,000,000

12,000,001-30,000,000 2,345,000+27.5% of the amount above 12,000,000

30,000,001-50,000,000 7,295,000+30% of the amount above 30,000,000

50,000,001-75,000,000 13,295,000+32.5% of the amount above 50,000,000

Above 75,000,000 21,420,000+35% of the amount above 75,000,000