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Argentina
Individual - Sample personal income tax calculation
Last reviewed - 13 May 2024Gross to net sample calculation for FY 2024
Employees with tax applied on highest incomes
| Single | Married+2 | |
| Gross income | 29,000,000.00 | 29,000,000.00 |
| Less: | ||
| Non-taxable minimum (*) | (28,080,000.00) | (28,080,000.00) |
| Net taxable income | 920,000.00 | 920,000.00 |
| Income tax | 248,400.00 | 248,400.00 |
(*) Equivalent to 180 times the SMVM. The current SMVM is ARS 156,000 (as of January 2024).
Self-employed workers (including members of boards of directors)
| Single | Married+2 | |
| Gross income | 24,000,000.00 | 24,000,000.00 |
| Less: | ||
| Employee social security: | ||
| Pension contributions | (4,080,000.00) | (4,080,000.00) |
| Health contributions | (1,500,000.00) | (1,500,000.00) |
| Personal allowance | (1,089,368.57) | (1,089,368.57) |
| Earned income allowance | (3,812,790.04) | (3,812,790.04) |
| Spouse allowance | (1,015,579.74) | |
| Child allowance | (1,024,321.30) | |
| Total deductions | (10,482,158.61) | (12,522,059.65) |
| Net taxable income | 13,517,841.39 | 11,477,940.35 |
| Income tax | 3,880,158.95 | 3,166,193.59 |
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