Overseas Assets Reporting |
Employment Income Deduction |
Employment Income Deduction | |
Gross mployment Income@(A) | Employment Income Deduction |
Up to 1,625,000 | 650,000 |
1,625,001 to 1,800,000 | (A) x 40% |
1,800,001 to 3,600,000 | (A) x 30% + 180,000 |
3,600,001 to 6,600,000 | (A) x 20% + 540,000 |
6,600,001 to 10,000,000 | (A) x 10% + 1,200,000 |
10,000,001 to 15,000,000 | (A) x 5% + 1,700,000 |
15,000,001 and upwards | 2,450,000 |
Specific Expense Deduction for Employment Income |