Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
NT$ 1,200,000
Individual Income Tax
- NT$ 106,610
Labour Insurance Program
- NT$ 9,482
National Health Insurance Program
- NT$ 16,884
Total tax
- NT$ 132,977
Net pay
* NT$ 1,067,023
Marginal tax rate
13.9%
Average tax rate
11.1%
88.9%
Net pay
11.1%
Total tax
Total tax
Net pay
Summary
If you make NT$ 1,200,000 a year living in Taiwan, you will be taxed NT$ 132,977. That means that your net pay will be NT$ 1,067,023 per year, or NT$ 88,919 per month. Your average tax rate is 11.1% and your marginal tax rate is 13.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of NT$ 100 in your salary will be taxed NT$ 13.85, hence, your net pay will only increase by NT$ 86.15.
Bonus Example
A NT$ 1,000 bonus will generate an extra NT$ 862 of net incomes. A NT$ 5,000 bonus will generate an extra NT$ 4,308 of net incomes.
NOTE* Withholding is calculated based on the tables of Taiwan, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.