Argentina

Individual - Sample personal income tax calculation

Last reviewed - 13 May 2024

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