Personal Income Tax for Professional Medical Doctors

Abstract

The medical doctor is a profession which that needs knowledge, ability, and specific skills for their carrier. Income from medical doctor carrier can be separated assessable income under the revenue code into 4 categories which are 1) assessable income under section 40
(1) which is income from employment, 2) assessable income under section 40(2) which is income from wages, 3) assessable income under section 40(6) which is income from the liberal profession (medical practitioner), and 4) assessable income under section 40(8) which is income from the business. These depending on rules, regulations, laws, the judgment of the Supreme Court, the judgment of the revenue department, or contract and agreement for the employment, etc. Expenses can be deducted from employment income and wages for tax calculation in at a flat rate for of only 50% which is not more than 100,000 Bath and have to filling tax annually. For Income from the liberal profession (medical practitioner) and income from business (clinic or infirmary for treating the patient) can deduct in 2 options which are
1) flat rate expenses deduction in at the rate of 60% which is not limited to a maximum amount and 2) deduct actual expenses which provable evidence including tax filling twice a year which are is half year and the end of the taxation year.