[Song] This year 2024, Me Up pleases all people with money with the series about money. I know about salaried people, which every day is the worst. At the end of each month we will present the story. Money that every salaried worker must know and look at throughout the 12 months, like in the beginning. Today we will take you to see the salary. What can you tell us that many people may not have heard of? Look at the pay slip even or some people set it up. My question is, why is the money agreed upon? with unequal amounts of money credited to the account, including things What should you do on payday? You can follow along with the series about money. Must know about salaried people, salary When you leave, don't just look at the balance when your salary comes out. Many people may only be interested in the amount transferred. only an account, but in fact there is What else do we need to know? In order for money to be credited to our account, the company must have Calculating both the income side that an employee should have received each month, which may not just The salary alone includes the money side. that must be deducted before transferring money to Employees such as social security contributions, savings Provident fund and income tax are A beginning for anyone who has just entered life. Salaryman's first month is the first thing. What you need to know is the money that the company will transfer into your account. On payday it will be less than salary. Or the income that we agreed with HR during the job interview, which is the money earned and the money deducted each What that part is, we can see from the slip. What does our own salary say? More than the salary slips of workers think. Roughly besides employee information Company tax identification number And the date the money was paid into the account still has conditions. The amount of income and money earned by employees is deducted by themselves. For example, an employee of a company works The sales department has income and various benefits according to slips. Salary in January is as follows: Total income of 30,000 baht consists of salary of 15,000 baht, lump sum vehicle gas 5,000 baht, lump sum telephone bill of 2,000 baht, commission or incentive 5,000 baht, overtime work expenses of 3,000 baht, items deducted total 1348 baht consisting of social security contributions. 750 baht, retirement fund savings 450 baht, deducted tax paid 148 baht, so there will be net income remaining transferred to the employee's account in In January it was 28, 652 baht. I see that there are details. Many parts are hidden in the payslip. It's not just the transfer amount, it may also be the income. Not just money Normally, we might think that the income Equal to salary, which in reality is It may not just be part of your salary, but it will Divided into salary and other income. The first part that every employee should receive is Salary is considered the main source of income for employees. full-time or salaried worker who besides being Fixed income cannot be easily downgraded. It is also used as the basis for calculating rights. or various benefits such as overtime pay For example, in the case of normal working hours of 8 hours a day, it means that the average salary will be 62.50 satang per hour. This means that this monthly salary of 15,000 baht will be divided by 30 days and then divided by 8 hours. This will not bring in any other income. that is not salary is also included in the calculation, so if Working overtime on weekdays will get 1.5 times the wages or 93 baht 75 satang per hour, which comes from 62.50 Sang Khu 1.5. And if you work overtime 2 hours a day for 16 days, you will get total overtime pay. 3,000 baht according to the example we saw in the slip Salary, annual salary increase For example, this year the company is giving a 10% salary increase. This employee will receive a salary increase of 1,500 baht, calculated from 10% of the 15,000 baht salary, without taking into account the cost of car gas and expenses. Mobile phone plans are also included in the calculation, even though income That portion will be given in the same amount every month. Salary is subject to compensation according to labor law. that if the company cannot terminate the employee If you make a mistake, the company must pay compensation. The amount of salary depends on length of service. For example, if you are laid off after working for 1 year but not yet 3 years, you must receive severance pay of 90 days of wages or 3 times your salary, which in this case is 45,000 baht or multiply 15,000 baht by 3 months. money The month is also used as the basis for calculating the amount of money. Deducted into the social security fund and reserve fund. There is also a living wage. The next part of the income is income. You can get other income. Other income is part income. Others that are taken together with salary for Calculating annual income tax is no different from money. per month, but this other income is usually not cheap. Used as a basis for calculating rights or Welfare is also income that may Can it be reduced or changed as well? According to the company regulations or job position For example, commissions or incentives are the amount of money received for each The month will depend on sales or results. You can do it in that month, travel expenses or expenses. Telephone for sales team or contact person Regular third parties including license fees or special skill values for specific job positions The way that if there is a job change or adjustment Change the organizational structure of this income. may be missing from the example if this employee There is a transfer of teams to work in areas that do not require contact. Customers may have their valuable income cut or reduced. Gasoline and phone bills will be paid as well. There is no commission or incentive income. Total income may decrease from approximately 12,000 baht per month to 18,000 baht per month from being transferred. Like this, don't forget to go back and look at the pay slip. of myself that our income is money How much per month and how much is other income? Where did the deducted money go? Why didn't it get the full amount? Have you ever wondered if the agreed upon salary is equal? But why is the money credited to the account not as described? Actually set it aside before each paycheck. Times when the employer will transfer money into the account Employees will have some money that the employer must withhold. out of the employee's income according to law or The main regulations of the company are specified. Including money deducted for welfare. such as social security contributions, savings funds Provident fund and money deducted for Withholding tax, let's go through each section one by one. The first part is the money deducted for welfare. that every private employee must be deducted according to law That is, social security contributions that friends receive. Social security benefits such as old age benefits Retirement, maternity allowance and money Supporting children when they have children etc. by means of money The deduction is 5% of the salary but the maximum is not more than 750 baht or calculated from the base salary up to 15,000 baht. For example, in the example of a person with a salary of 15,000 baht, social security will be deducted at 5% of the salary or 750 baht for people whose salary is less. For example, 10,000 baht will have Social Security contributions deducted at 5 percent of the salary or 500 baht, while people with a salary higher than 15,000 baht, such as a salary of 30,000 baht, will have social security contributions deducted at 5% of the base salary of 15,000 baht only, or 750 per month. Baht is equal to someone who receives a salary of 15,000 baht. Another part for Money deducted for welfare is money. Accumulate a provident fund which is considered as money. Voluntary deduction for employees of companies that There is a provident fund after the probationary period ends. Employees have the right to decide whether to request a deduction. The money goes into the provident fund or not. When you apply, 2% to 15% of your salary will be deducted from your savings into the fund. Stay with the regulations of the fund for savings and use. In retirement, when choosing to deduct money into the fund provident fund and the employer will help Contribute money to the provident fund yourself. For example, an employee with a salary of 15,000 baht, money goes into the fund at the rate of 3% of salary or 450 baht, and if an employer contributes another 3% of salary, it means that we will have savings. Go into the provident fund 900 baht per month. Every month from our money only half or 450 baht, another part of the money from the company. You have a duty to deduct money from your salary. Bonuses and other income paid or expected by the company What will be paid this year is withholding tax. which is paid by the company will bring the salary money Bonuses and other income paid or expected by the company that will be paid this year to calculate income tax The entire year of each employee is averaged to monthly to gradually deduct and send to the Revenue Department first The amount of tax for each person will depend on the amount. Income, legal expenses and deductions Those who exercise their rights will be calculated as net income. and calculate taxes according to the tax tables of the Revenue Department. From the example, people who have a salary and Other income from the company totals on average 30,000 baht per month. If the company calculates only personal deductions of 60,000 baht, deductibles Contribution to social security is 9,000 baht per year and retirement fund savings is 5,400 baht per year. The tax calculated will be 1,790 baht per year, averaging 148 baht per month, which will be rounded off. The fraction always goes down for people who have income from The company only has salary only and has no income. You can get something else if the insurance contribution is deducted by the company. Society and deduct savings from the Provident Fund at the rate of 3% of the tax deducted from salary. Each person's payment will be different. with the salary received according to this table From here, it can be seen that people with a salary of 30,000 baht will have different taxes from the example of people with an average income of 30,000 baht because there will be The deductions from the provident fund are not the same. Because the provident fund will be calculated From the salary base, not the income base. At the end of the year, each employee will still have a face. who have to submit taxes by themselves again, which If during the year the employee uses the right to reduce Tax deductions that the company doesn't know about, such as deducting taxes from children. Parents, interest on home funds or insurance is reduced. The calculated tax deduction at the end of the year will be small. Than the total tax deducted by the company, employees will You can request a refund of the difference in tax that was deducted. Sure enough, there are things people should know about money. When you hear this, you will see that the money man Many people have misunderstood that income is is salary and salary is money earned You should understand more now that 1 salary is not equal to the money you actually receive. The company has a duty to deduct the salary. Some parts are taken out of the salary before being transferred into the account. Employees, salaried employees who just started Jobs or job transfers in the first month may offer hope. The money that will be received is expected to move away from the money. that has really been received, therefore must be understood Plan your expenses well and don't accidentally spend money. More than what you get, especially people with money The higher the month, the more money deducted will be as well. From the life reserve fund accumulation rate which is 2-15 per of salary and base. Personal income tax with the highest rate of up to 35% 2. The income base is not the amount transferred by Income specified on the pay slip whether It is salary, lump sum income, other expenses, prepayments. The time which is the amount before the deduction will be It is used as the income base for calculation and filing. Tax to the Revenue Department on the portion of money that is The deductions can often be used as deductibles such as: Social security savings, reserve fund savings monkey life or even taxes that were deducted in advance It can be taken as a credit so that there is money left over to pay taxes. which is less or can request a refund and the total income before deducting various fees from financial institutions Most often use it as a basis for consideration. Approve credit limits for customers who go Please request a loan, whether it be a credit card or a debit card. Cash for a home loan or car loan Motorcycles, etc. Things that should be done on payday The main highlight of a salaried person is their income. has been relatively constant almost every month. Allocate money received on payday therefore It's something that's easier to do than someone who has a career. And here are 4 things you should do on the day. Salary is paid 1 om before using it as Automatically save at least 10 -20% of your income, for example, receive an income of 30,000 baht every month, so you should set a goal to save. Earn at least 3,000 - 6,000 baht per month by setting an order to transfer the money to collect. Put it in another account like an esaving account that has a higher interest rate than a savings or savings account. Capital in the fund in advance automatically in the amount of 3,000 -6 1000 baht at a time on the date the money The month is issued every month, such as on the 30th, etc. 2 Finance is for fixed expenses separated An account specifically for paying fixed expenses. that or must pay a certain amount every monthly, such as debt installments, house rent Telephone, internet or premium fees Insurance, etc. 3 Set spending cards by The nature of the main daily expenses Salarymen each month often have They are close to each other, so determining the budget Or is it a budget for most of your spending? Therefore it is easier to do than other careers such as travel expenses. That may include toll fees and train fares. The bus fares are quite similar. Every day, the cost of car fuel goes up and down. Some, but it can be estimated from the cost of oil. In front of the pump, current water and electricity bills that if the way of living at home is not possible Has changed a lot or has members in The family increased this expense in each case. Each month is quite similar. Food that doesn't include hanging out with friends Groups or friends at work are also considered expenses. Expenses that are estimated from restaurants where you eat regularly. 4 Allocate the remaining money after Set aside savings to cover expenses. Various things, then it is enough to know that the salary depends on When you come in, how much will be left at the end of the month? In order not to leave the salary that should be left If it is used to pay, you should set aside that money to do 1 of these 2 things at the beginning of the month. The first is to cover debt, whether it's a cash card. Personal loans, credit cards, or assets Believing that the 2nd house you have is saving money or investing. Invest in your favorite choice or investment. Already in the present, listening to this point Many salaried employees should understand this very well. It has already been said that the salary is not equal. The money we actually receive is because there may be income. There were other things added as well, but the income base was not. Yes, the money will be credited to the account in full. Because there are many expenses deducted whether It will be the social security fund, the reserve fund. Life or even taxes, including 4 things that we should do on the day we get paid, can you remember? The first is automatic saving before spending. The second is finance for fixed expenses. The third is setting a budget for expenses. Pay, and finally, allocate the money. What's left is especially debt management. Don't forget. Let's apply it as well, next month. See you again with the series about money. The knowledge of salaried people will come to solve their doubts. What do we get from social security deductions? [song]
