How do you calculate pph21?
11,000,000 per month for an employee who is unmarried and without dependents (PTKP TK / 0)? Calculate PPh 21 Payable : in a Progressive Tax Year (because IDR 71,400,000 is more than IDR 50,000,000) (5% x 50,000,000 = IDR 2,500,000) + (15% x 21,400,000 = IDR 3,210,000) = IDR 5,710 .
How is salary calculated in Indonesia?
How is the payroll calculated in Indonesia?
- Annual salary: 12 x 50,000,000 = 600,000,000 IDR.
- THR Payment (one month salary): 50,000,000 IDR.
- Social security contributions (BPJS):
- Annual gross income: 893,240,000 IDR.
- Personal Income deduction: 6,000,000 IDR.
- Old Age Saving Deduction: 2% x 600,000,000 = 12,000,000IDR.
What is pph21?
The definition of PPh 21 is a tax on income in the form of salaries, wages, honoraria, allowances and other payments in whatever name and in any form in connection with work or position, services and activities carried out by individuals who are domestic tax subjects or referred to as taxpayers.
How much is income tax in Indonesia?
Individual tax rates
|Taxable income (IDR*)||Tax rate (%)|
|Up to IDR 60 million||5|
|Above IDR 60 million to IDR 250 million||15|
|Above IDR 250 million to IDR 500 million||25|
|Above IDR 500 million to IDR 5 billion||30|
What is the tax rate in Indonesia?
around 10.00 percent
In the long-term, the Indonesia Sales Tax Rate is projected to trend around 10.00 percent in 2022, according to our econometric models.
What is the VAT rate in Indonesia?
Generally, the VAT rate is 10 percent in Indonesia….Tax system of Indonesia.
|Corporate Income Tax|
|• normal rate|
|• Companies with a gross turnover below IDR 4.8 billion|
How do I calculate income tax in Excel?
Write the formula =B2-B3-B4 inside the formula bar and press the Enter key. Step 4: Taxable income is now extracted from gross income, which is 2,19,000. “Taxable income is on which we apply the tax.” “Tax is 5% on income below 2,50,000.” As the taxable value is between 1.5 to 2.5 lakhs so that 5% will apply to income.
What is the average salary in Indonesia?
Median Salary The median salary in Indonesia is 11,400,000 IDR (788 USD). This means that 50% of the Indonesian population earns more than 11,400,000 IDR, and the other 50% earns less than 11,400,000 IDR.
Does Indonesia have GST?
VAT and Goods and Services Tax (GST) are applied to most goods and services in Indonesia. Imports are subject to VAT and GST, but most exports are not. VAT and GST taxes are called Pertambahan Pajak Nilai or PPN.
What is Indonesian VAT?
The VAT rate in Indonesia is currently at 10%, and it provides diverse exemptions and incentives to VAT-able entrepreneurs.
How do I calculate taxable income?
Your gross income minus all available deductions is your taxable income. Compare that amount to your tax bracket to estimate the amount you’ll owe before applying any available tax credits.