Tax Hack for Salary Earners
Let’s tackle the “tax trouble” with a smart and rewarding solution.
Muang Thai Life offers exclusive tax planning through “Life Insurance” and “Mutual Funds” – helping salaried individuals reduce their tax burden while building long-term financial security. Whether you're planning for your own future or for your loved ones, you can start today.
Make tax management less of a worry — and more of an opportunity to create a meaningful and sustainable life plan.
If the article is too long, you can choose a topic to read:
- Worked hard all year, and still have to pay tens of thousands in taxes?!
- How much can you deduct?
- Tackle “Tax” with Life Insurance and Mutual Fund
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Net Income (Baht) | Tax Rate |
1 - 150,000 | Exempted |
150,001 - 300,000 | 5% |
300,001 - 500,000 | 10% |
500,001 - 750,000 | 15% |
750,001 - 1,000,000 | 20% |
1,000,001 - 2,000,000 | 25% |
2,000,001 - 5,000,000 | 30% |
5,000,001 and above | 35% |
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Did you know? You can easily reduce your taxes with life insurance and mutual funds.
You can claim tax deductions of up to 900,000 baht.
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Example
Ordinary life insurance + health insurance: up to 100,000 baht(1)
Annuity insurance: up to 200,000 baht(2)
RMF (Retirement Mutual Fund): up to 500,000 baht(2)
ThaiESG mutual fund: up to 300,000 baht
Example of a Tax Hack for an annual income of 2,000,000 baht:
Ordinary life insurance + health insurance: 100,000 baht
Annuity insurance: 200,000 baht
RMF 300,000 baht
ThaiESG 300,000 baht
Total tax-deductible amount: 900,000 baht
(1) Health insurance premiums are tax deductible up to 25,000 baht (combined with life insurance premiums, not exceeding 100,000 baht).
(2) Retirement investment groups include RMF funds, Government Pension Funds (GPF), Provident Funds, Private Teachers' Welfare Funds, National Savings Funds, and annuity insurance. The total combined amount must not exceed 500,000 baht.
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Let’s tackle the “tax trouble” with life insurance and mutual funds from Muang Thai Life Assurance.
☑️ Choose Muang Thai UL Plus
The insurance that offers high coverage and lets you plan for both financial security and health. Enjoy a tax deduction of up to 100,000 baht*.
☑️ Select RMF and Thai ESG funds through MTL MyFund
A service that allows you to buy, sell, and switch among more than 600 tax-advantaged mutual funds from leading fund management companies, meeting your tax deduction needs for 2025.
* Insurance premiums are eligible for tax deductions in accordance with the criteria set by the Revenue Department.