Withholding Calculation

Withholding tax is the tax deducted on behalf of the person to whom the payment is made
The withholding amount is deposited to the tax office by the payer
The person from whom the withholding tax is deducted can offset it in the annual return
In some cases, there may be an exemption from withholding tax

Withholding = Gross Amount × Withholding Rate
Net Amount = Gross Amount - Withholding Amount
Withholding Rate = Rate Determined by Payment Type

Payment Type Select the payment type for which withholding tax will be deducted

Gross Amount

$

Enter the gross amount before withholding tax

Enter the payment type and gross amount, the net amount will be displayed.

Click the button for detailed calculation and sharing.

0

Formula and Explanation (Click)