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
2,067.88
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