Mexico Salary Calculator
Easily estimate take home pay after income tax so you can have an idea of what to possibly expect when planning your budget
Last reviewed on January 29, 2023
Results
Income Before Tax
Take Home Pay
Total Tax
Average Tax Rate
$ = Mexican Peso
Income Before Tax
Income Tax
Sickness and Maternity Insurance
Disability and Life Insurance
Total Tax
Take Home Pay
Unit of Measurement and Update (UMA)
Total Deductions
Average Tax Rate
Table of Contents
Summary
Enter your employment income into the salary calculator above to estimate how taxes in Mexico may affect your finances. You'll then get your estimated take home pay, an estimated breakdown of your potential tax liability, and a quick summary down here so you can have a better idea of what to possibly expect when planning your budget.
This salary calculator also works as an income tax calculator for Mexico, as it shows you how much income tax you have to pay based on your salary and personal details.
To learn more about , its income tax, and tax brackets, so that you can get a deeper understanding of how your budget and finances may be affected, scroll down to the detail section below!
Quick Facts about Mexico
- Name(s) in Native Language(s):México
- Main Language(s):Spanish
- Currency:Mexican Peso ($)
- Capital:Mexico City
- Total Population:126,014,024
- Most Populous City:Mexico City
- Time Zone(s):UTC−8 to −5
(Summer: UTC−7 to −5) - International Phone Code:+52
- Driving Side:Right
- Climate:Ranges from temperate to tropical
Frequently Asked Questions
What is the income tax rate in Mexico?
The personal income tax rate in Mexico is progressive and ranges from 1.92% to 35% depending on your income for residents while non-residents see tax rates that range from 0% to 30%. This income tax calculator can help estimate your average income tax rate and your take home pay.
How many income tax brackets are there in Mexico?
The income tax system in Mexico has eleven different tax brackets for residents and three different tax brackets for non-residents. For more details, check out our detail section.
Mexico Income Tax Brackets and Other Information
The income tax system in Mexico is a progressive tax system. This means that your income is split into multiple brackets where lower brackets are taxed at lower rates and higher brackets are taxed at higher rates. The tax brackets are different between residents and non-residents. For residents, tax rates range from 1.92% to 35%.
For 2022 tax year
| Taxable Income (MXN) | Tax Rate |
|---|---|
| First 7,735 | 1.92% |
| From 7,735 to 65,651.07 | 6.4% |
| From 65,651.07 to 115,375.90 | 10.88% |
| From 115,375.90 to 134,119.41 | 16% |
| From 134,119.41 to 160,577.65 | 17.92% |
| From 160,577.65 to 323,862 | 21.36% |
| From 323,862 to 510,451 | 23.52% |
| From 510,451 to 974,535.03 | 30% |
| From 974,535.03 to 1,299,380.04 | 32% |
| From 1,299,380.04 to 3,898,140.12 | 34% |
| From 3,898,140.12 onwards | 35% |
Non-residents, on the other hand, see simplier tax brackets with rates that range from 0% to 30%.
For 2022 tax year
| Taxable Income (MXN) | Tax Rate |
|---|---|
| First 125,900 | 0% |
| From 125,900 to 1,000,000 | 15% |
| From 1,000,000 onwards | 30% |
There are no standard deductions available in Mexico. That being said, limited deductions still exist for things like certain contributions to retirement accounts, certain educational expenses, home mortgage interest payments, certain medical expenses, most business expenses, and contributions to charities, among others. All of these are beyond the scope of our calculator and are not included.
Social Security in Mexico
Social security in Mexico consists of sickness, maternity, disability, and life insurance. Sickness and maternity insurance are grouped together while the same also goes for disability and life insurance. The insurance premiums for both consist of a small flat rate while those earning over a certain multiple of the UMA, which stands for Unidad de Medida y Actualización and translates to Unit of Measurement and Update, have to contribute a little extra to the sickness and maternity insurance. Both of these social security contributions are limited in that there is a maximum cap for the income that is considered. This cap is also another multiple of the UMA.
Resident status and income tax in Mexico
Regardless of nationality, individuals considered to be resident taxpayers are subject to income tax based on their worldwide income. On the other hand, non-residents are subject to income tax based on only their Mexican-sourced income.
An individual is considered to be a resident for tax purposes if they have a home in Mexico or their center of vital interest is located within Mexico. The latter is defined by taking into consideration the primary location of one's professional activities or whether or not more than half of one's income is derived from Mexican sources within a calendar year.
Residents moving away should take note that tax residency is not automatically terminated. Instead, those seeking to become non-residents for tax purposes must file paperwork with the govermnent to officially terminate tax residency, preferably before moving away. In addition, Mexico has policies that place certain limitations on those moving to places considered by the government to be tax havens.
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Disclaimer
- The content shown on this page is strictly for educational purposes only. It does not represent advice nor is it a substitute for a professional advisor.
- Estimated results are just estimates. They are not a guarantee of future results.
- While internal calculations are not rounded, all final resultant numbers are rounded normally with numbers ending in 0.5 and above being rounded up.
- Tax situations vary widely and calculations can get very complex. This salary calculator only provides a rough estimate according to the most common scenarios for standard employment income that comes from an employer. If you are self-employed, your taxes might differ.
- There may be additional deductions, credits, exemptions, allowances, reliefs, etc depending on many factors. Some factors are about your family such as the number of dependents, children, relatives, parents, etc. Other factors may include mortgage payments, property depreciation, charitible donations, additional voluntary retirement contributions, etc. Whether or not you are handicapped and/or disabled may also sometimes be an additional factor.
- Depending on region and jurisdiction, salary bonuses may be treated and taxed differently from standard salary.
- Calculators from other sites may show slightly different numbers due to different deductions/credits being included or they are based on data from a different year.
- Generally, we review changes once a year since tax codes usually change once a year. If you notice a major miscalculation or error with our salary calculator (most likely caused by a typo somewhere), feel free to direct message us on twitter and let us know. However, if you have specific questions about your own personal situation, please consult a licensed tax professional.
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