Ireland
Individual - Sample personal income tax calculation
Last reviewed - 21 February 2021
2021 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 |
|
| 8,675 @ 2% |
173.50 |
|
| 30,813 @ 4.50% |
1,386.59 |
|
| |
|
1,620.15 |
| Total liability |
|
13,720.15 |
