"Maximize Your Tax Savings: Essential Deductions for Insurance and Investment Contributions"

This table provides a clear breakdown of allowable deductions www.rd.go.th for insurance and investment contributions, making it easy to optimize your tax savings!

Deduction Category

Conditions and Maximum Deduction Limits

Up to 100,000 THB Combined

- Life Insurance Premium

Deductible up to a maximum of 100,000 THB per year

- Personal Health Insurance Premium

Deductible up to a maximum of 25,000 THB per year

Up to 500,000 THB Combined

- Provident Fund (PVD) / Private School Teacher Aid Fund

Deductible at 30% of taxable income, up to 500,000 THB

- Government Pension Fund (GPF)

Deductible at 30% of taxable income, up to 500,000 THB

- National Savings Fund (NSF)

Deductible up to the actual paid amount, not exceeding 30,000 THB per year

- Retirement Mutual Fund (RMF)

Deductible at 30% of taxable income, up to 500,000 THB

- Super Savings Fund (SSF)

Deductible at 30% of taxable income, up to 200,000 THB

- Pension Insurance Premium

Deductible at 15% of taxable income, up to 200,000 THB

Understanding tax deductions is just the beginning! By making informed choices, you can maximize your savings and set yourself up for a more secure future. Stay tuned for our next article, where we'll dive deeper into advanced tax strategies and tips to keep more money in your pocket. Don’t miss out on our expert insights coming up!

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