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Argentina
Individual - Sample personal income tax calculation
Last reviewed - 22 September 2023|
Gross to net sample calculation for FY 2024. “Employees with Highest Incomes” |
Single |
Married+2 |
|
Annual Income : ARS 29,000,000 |
||
|
Gross income |
29,000,000 |
29,000,000 |
|
Less |
|
|
|
Non taxable Minimum (*) |
(28,080,000) |
(28,080,000) |
|
Net taxable income |
920,000 |
920,000 |
|
Income Tax |
248,400 |
248,400 |
(*) Equivalent to 180 annual minimum, vital and mobile salary (SMVM). The current minimum, vital and mobile salaries (SMVM) is AR$ 156.000 (January 2024).
|
Gross to net sample calculation for FY 2024. “Self-employed workers (including members of boards of directors)” |
Single |
Married+2 |
|
Annual Income : ARS 24,000,000 |
|
|
|
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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