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Individual - Sample personal income tax calculation
Last reviewed - 28 February 20202020 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 | |
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