Ireland
Individual - Sample personal income tax calculation
Last reviewed - 12 February 2024
2024 sample income tax computation
Single assessment:
| Income |
|
Self (EUR) |
| Employment - Subject to PAYE tax |
|
50,000.00 |
| Employment benefits in kind - Medical insurance |
|
1,500.00 |
| |
| Total income |
|
51,500.00 |
| Taxable income on which income tax is charged as follows: |
|
51,500.00 |
| EUR 42,000 @ 20% |
8,400.00 |
|
| EUR 9,500 @ 40% |
3,800.00 |
|
| Total income tax |
|
12,200.00 |
| |
| Less credits/reliefs set against tax on income: |
| Single person credit |
1,875.00 |
|
| PAYE credit |
1,875.00 |
|
| Medical insurance credit |
200.00 |
|
| |
|
(3,950.00) |
| |
| Net tax due: |
|
8,250.00 |
| |
| PRSI: 38,625.00 @ 4% |
|
1,540.00 |
| 12,875.00 @ 4.1% |
|
527.88 |
| USC: |
|
|
| 12,012 @ 0.5% |
60.06 |
|
| 13,748 @ 2% |
274.96 |
|
| 25,740 @ 4.00% |
1,029.60 |
|
| |
|
1,364.62 |
| Total liability |
|
11,682.50 |
