Salary Formula:
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Commission-based salary is a compensation structure where employees receive a base salary plus a percentage of the sales they generate. This model is common in sales positions across various industries in Thailand.
The calculator uses the following formula:
Where:
Explanation: The formula calculates the total take-home pay after adding commission to base salary and subtracting applicable taxes.
Details: Accurate salary calculation ensures fair compensation, helps with financial planning, and maintains transparency between employers and employees.
Tips: Enter all amounts in Thai Baht (THB). The commission rate should be entered as a percentage (e.g., 5 for 5%). Tax amount should be the total tax deduction.
Q1: What is a typical commission rate in Thailand?
A: Commission rates vary by industry but typically range from 2% to 15% of sales, depending on the product/service and company policy.
Q2: Are commissions taxed differently in Thailand?
A: In Thailand, commissions are typically taxed as part of total income under the progressive tax rate system.
Q3: How often are commissions paid?
A: Most companies pay commissions monthly along with base salary, though some may have different payment schedules.
Q4: What's included in the tax deduction?
A: This should include all mandatory deductions like income tax and social security contributions.
Q5: Is overtime included in this calculation?
A: No, this calculator focuses on base salary and commission. Overtime would need to be calculated separately.