Ireland

Individual - Sample personal income tax calculation

Last reviewed - 28 February 2020

2020 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 35,300 @ 20% 7,060.00
EUR 16,200 @ 40% 6,480.00
Total income tax 13,540.00
 
Less credits/reliefs set against tax on income:
Single person credit 1,650.00  
PAYE credit 1,650.00  
Medical insurance credit 200.00  
  (3,500.00)
 
Net tax due: 10,040.00
 
PRSI: 51,500.00 @ 4% 2,060.00
 
USC:    
12,012 @ 0.5% 60.06  
8,472  @ 2% 169.44  
31,016 @ 4.50% 1,395.72  
  1,625.22
Total liability 13,725.22