2024 Income Tax Calculator: Check How Much They Will Deduct From Your Paycheck

2024-08-03 01:14:00

he Monday, July 22, 2024 Effective Income tax write-offwhich places the tax-free minimum at $1.8 million. Not only is Category 4 charged again; 22% difference For area Patagoniaaffecting more workers than neuquen and Rio Negro. Here you can see how much they will deduct based on your total salary.

The tax comes into effect in July, with wages Workers will receive it on the first day of August. tanker considerations Quite a few “well crews” in the area will not be paid.

estimate Approximately 800,000 employees They will start paying income tax-free to date Because high incomes exceed the minimum wage by 15 times, the minimum wage in July was 3.5 million pesos.

The overwhelming majority of the cantonal government in the city of Neuquén approved a preventive measure on Thursday (July 25). Must be calculated on 60% of salary only, this is not included Corresponding to the “Functional Contribution” item. Here we explain more.

2024 Income Tax Calculator: How much to pay

see below, Just simple stepsdepending on your income level, when you plan to pay:

2024 Income Tax Calculator: Points to Consider

The 10 key points of the new income tax are:

1 – from time will be calculated Used to calculate the taxes workers must pay Overtime, incentives, travel expenses, etc.

2 – There will be no differential pay for Patagonia workersknown as the “Patagonia Zone”, increased by 22% on a tax-free basis.

3 – Total salary is 1.8 million pesos for singles and 2.2 million pesos for married peoplethey will begin paying the tax on wages received in August.

4 – Worker earning 1.8 million pesos For single people (net 1.5 million pesos) will start paying a 5% tax rate on a surplus equivalent to 3,000 pesos, which will increase to 100,000 pesos for those with a gross income of 2.5 million pesos. Those with a total salary of 4.9 million pesos will pay a tax rate of 35%.

5 – Situation of married persons Those earning more than 2.2 million pesos (1.9 million pesos) will be taxed at progressive rates, ranging from 5% to 35% for those earning 5.5 million pesos.

6 – of Minimal update It will be tax-free in September this year, and will be tax-free in January and July every year starting from 2025, and is calculated based on the consumer price index published by Indec.

7 – Tankers considered “well crews” will not pay the fee. Article 7 stipulates that persons who often directly engage in the following activities: exploration Carrying out oil or gas extraction activities; in the course of performing tasks Wellheads and areas affected by drilling, completions, maintenance, repairs, intervention, production, special operations services, and ecological and environmental services in an oil or gas well; this Facility Operation and Maintenance Necessary for the production of hydrocarbons; Tasks required for exploration and production Hydrocarbons.

8 – The Act introduces a mechanism for the collection of income tax Not retroactive, But it will be implemented from July.

9 – The new income tax repeals the “dedication of function” law for Neuquén state government employees, so it is levied on the entire salary. Here’s a rule they approved in 2023, by establishing the concept of “mitigation” payments “Functional Contribution” Not Applicable to Withholding Tax.

10 – Substitutions of Category 4 Accounting for 0.4 of gross domestic product. It would allow the government to run a fiscal deficit and give governors more money.


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