Isle of Man

Individual - Sample personal income tax calculation

Last reviewed - 12 February 2025

Tax computations for 2024/25 for a resident single person and resident married couple are as follows:

Resident single person	IMP

Gross earnings	50,000
Less:
Personal allowance - single	(14,500)
Taxable income	35,500

Income tax payable
First IMP 6,500 x 10%	650
Remaining IMP 29,000 x 22%	6,380
Total tax payable	7,030

Resident married couple (elected to be taxed jointly, only one of the couple is earning income)	IMP

Gross earnings	50,000
Less:
Personal allowance - married couple	(29,000)
Taxable income	21,000

Income tax payable
First IMP 13,000 x 10%	1,300
Remaining IMP 8,000 x 22%	1,760
Total tax payable	3,060