Actual rate of Tax on salary

7POSTS

10 years ago

Hi all,

This is Shaheen all the way from India. I got a job offer with a PNG corp as Management consultant . I will be going to stay in Buka. Mostly will be arriving in April. May i know what's the actual rate of tax on salary? As mine is a PNG corporation is there any difference in tax? Replies will be greatly appreciated. Thank you all.

cheers
shaheen

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shaheenbabutv New member

7POSTS

10 years ago

My gross salary would be around 6500pgk per month . So how much will be the tax??

stumpy Laos Expert

18031POSTS

10 years ago

Kina 2085 tax. Take home pay kina 5415.

Are the company paying for accommodation, food, power, phone, medical insurance cover, transport.

Annual airfares home ?

Unless they are covering the above then the salary is too low. Amounts to US$1700 or Indian Rupee 118,957

shaheenbabutv New member

7POSTS

10 years ago

Yes they do provide food, accomodation, airfare, medical and car. So what do you think now?

stumpy Laos Expert

18031POSTS

10 years ago

Too low but up to you whether you take it or not.

shaheenbabutv New member

7POSTS

10 years ago

It wont even come 5415 if it is 35% of 6500.. it will come around only 4450...
(6500×35/100)=2275
So 6500-2275= 4225.

sobhan06 Member

20POSTS

10 years ago

Hi Shaheen,

Thats a good pay. Being an Indian, we know our market and Home country. For foreigners (US, Aussie, UK) this wont be a good pay bcoz their economy is different. For Indians, this is a good maony.