Our company will process to layoff the employees in accordance with the labor law, we must pay the money to them as the following. Please let us know which amounts are subject for tax deduction.
Severance pay accordance to the labour law.
Unused vacation paid.
1 month notice paid.
Panwa: Please note that the severance pay is subject for tax exemption. Unused vacation and 1 month notice paid shall be considered as assessable income and are subject as personal income tax calculation. Anyways, in case you would need assistance for payroll calculation, we can assist for such click here.
For more information, please feel free to contact us:
Phone: +66 2 933 9000
Fax: +66 2 933 6120
Email: bkk@panwa.co.th