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 |
