Mexico Income Tax Calculator

Calculate your take-home salary and tax brackets in Mexico (MXN)

Mexico Take Home Salary Calculator

Source|Search

Lowest Tax Rate

1.92%

Average Tax Rate

20.8%

Highest Tax Rate

35%

Understanding Mexico's Tax System

The Mexico income tax system uses a progressive tax rate structure with 11 different tax brackets for 2024. The tax rates range from 1.92% to 35%, with an average rate of 20.8%.

Tax Brackets Breakdown

Here's a detailed breakdown of the tax brackets in Mexico:

Bracket 11.92%
From

MX$0

To

MX$7,735

Bracket 26.4%
From

MX$7,736

To

MX$65,651

Bracket 310.88%
From

MX$65,652

To

MX$115,375

Bracket 416%
From

MX$115,376

To

MX$134,119

Bracket 517.92%
From

MX$134,120

To

MX$160,577

Bracket 621.36%
From

MX$160,578

To

MX$323,862

Bracket 723.52%
From

MX$323,863

To

MX$510,451

Bracket 830%
From

MX$510,452

To

MX$974,535

Bracket 932%
From

MX$974,536

To

MX$1,299,380

Bracket 1034%
From

MX$1,299,381

To

MX$3,898,140

Bracket 1135%
From

MX$3,898,141

To

∞

How Progressive Tax Works in Mexico

In Mexico, like many countries, the tax system is progressive. This means you don't pay the highest rate on all your income. Instead, you pay different rates on different portions of your income. For example:

  • 1You only pay 1.92% on the first MX$7,735
  • 2Then 6.4% on the next portion, and so on
  • 3The highest rate of 35% only applies to income above MX$3,898,140

Additional Information

This calculator provides a basic estimate of your income tax in Mexico. Please note that:

  • These are 2024 tax rates from SAT
  • The calculation doesn't include regional or municipal taxes
  • Social security contributions and other deductions are not included
  • Tax credits and deductions may reduce your actual tax burden

Source: SAT