Despite reading tons of articles, I find myself confuse on how much tax I owe to the gov't.
I worked for nearly 8 years and will be leaving by 2/1.
Since I have remaining leaves, they will be used until 2/28. Therefore, I will receive both January and February salaries this month.
For the Resident Tax, I will have to pay ~10% of my 2025 income.
Which means that if my income is 2.5M for 2025,
– I have to pay up to 250,000 yen? Is my understanding correct?
– Or is it the 10% of the total resident tax of 2025 (small amount)
– Lastly, is the deduction based on Gross or Net Income?
Thanks!
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