Income tax in Mexico (2026)
In 2026, income tax in Mexico runs from 1.9% to 35%. On a MX$600,000 salary you take home MX$474,570 a year, MX$39,548 a month.
Income tax rates
- Top rate
- 35%
- Lowest rate
- 1.9%
- Tax-free allowance
- None
- VAT
- 16%
The 2026 bands, in Mexican Peso
| Taxable income (after allowance) | Rate |
|---|---|
| MX$0 to MX$10,135 | 1.92% |
| MX$10,135 to MX$86,022 | 6.4% |
| MX$86,022 to MX$151,176 | 10.88% |
| MX$151,176 to MX$175,736 | 16% |
| MX$175,736 to MX$210,404 | 17.92% |
| MX$210,404 to MX$424,354 | 21.36% |
| MX$424,354 to MX$668,840 | 23.52% |
| MX$668,840 to MX$1,276,926 | 30% |
| MX$1,276,926 to MX$1,702,568 | 32% |
| MX$1,702,568 to MX$5,107,704 | 34% |
| over MX$5,107,704 | 35% |
Take-home pay by salary
MX$200,000: MX$174,546 take-home (12.7% total tax)MX$250,000: MX$212,837 take-home (14.9% total tax)MX$300,000: MX$250,769 take-home (16.4% total tax)MX$350,000: MX$288,700 take-home (17.5% total tax)MX$400,000: MX$326,634 take-home (18.3% total tax)MX$450,000: MX$364,013 take-home (19.1% total tax)MX$500,000: MX$400,865 take-home (19.8% total tax)MX$600,000: MX$474,570 take-home (20.9% total tax)MX$700,000: MX$546,256 take-home (22% total tax)MX$800,000: MX$613,481 take-home (23.3% total tax)MX$900,000: MX$680,706 take-home (24.4% total tax)MX$1,000,000: MX$747,931 take-home (25.2% total tax)MX$1,200,000: MX$885,976 take-home (26.2% total tax)MX$1,500,000: MX$1,091,514 take-home (27.2% total tax)MX$2,000,000: MX$1,425,566 take-home (28.7% total tax)MX$2,500,000: MX$1,755,566 take-home (29.8% total tax)
Compare with other countries
Cost of living in Mexico
Frequently asked questions
What are the income tax rates in Mexico?
Income tax in Mexico runs from 1.9% to 35%, in 11 bands.
Is there a tax-free allowance in Mexico?
No — Mexico has no general tax-free allowance.
What is the take-home pay on MX$600,000 in Mexico?
On MX$600,000 in Mexico you take home MX$474,570 a year — MX$39,548 a month.
2026 rules checked against taxsummaries.pwc.com. Single person, employee, no other income. Not tax advice. Change the details