Job Discussion Forums

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Does this look right?

Base Salary annually: 7.5 mil yen

Deduction annually:
Heath insurance - 370,000
Welfare -650,000
Employment Hoken- 37000
Income tax -300,000
Total deduction annually = 1,357,000

Income after deduction would be something = 6mil yen

few concerns:

1. How is this income tax calculated? I thought is only 20% of the total taxable income. So should be 6mil yen *.2 = 120,000 income tax annually no?

2.Health insurance seems quite high (370,000 annually), is this normal?

3. Total Resident tax is roughly about 330,000, does that look right for this income?

[currentaffairs]

That is a pretty high salary. The numbers look roughly okay to me..

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[mitsui]

Deductions are 18%. Seems fine to me.
The salary is good. I have never made that much.

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[kzjohn]

At the bottom is a basic chart: http://www.japan-guide.com/e/e2206.html (which says 23% plus 962,500, that's just national)

Health insurance cost is based on salary--you make less, you pay less; you make more, you pay more. 370,000/yr is about 30,000/month, which looks cheap to me (I would have guessed that it would have been more). Keep in mind that this is just the salaried person's contribution--the company/school is matching that, i.e., paying the other half.

If you really want the full tax rundown (a couple years old, but you get the idea): http://www.nta.go.jp/tetsuzuki/shinkoku/shotoku/tebiki2013/pdf/43.pdf