Ireland

Individual - Sample personal income tax calculation

Last reviewed - 28 June 2022

2022 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 36,800 @ 20% 7,360.00
EUR 14,700 @ 40% 5,880.00
Total income tax 13,240.00
 
Less credits/reliefs set against tax on income:
Single person credit 1,700.00  
PAYE credit 1,700.00  
Medical insurance credit 200.00  
  (3,600.00)
 
Net tax due: 9,640.00
 
PRSI: 51,500.00 @ 4% 2,060.00
 
USC:    
12,012 @ 0.5% 60.06  
9,283  @ 2% 185.66  
30,205 @ 4.50% 1,359.23  
  1,604.95
Total liability 13,304.95