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	(14,750)
Taxable income	35,250

Income tax payable
First IMP 6,500 x 10%	650
Remaining IMP 28,750 x 21%	6,037.50
Total tax payable	6,687.50

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	(29,500)
Taxable income	20,500

Income tax payable
First IMP 13,000 x 10%	1,300
Remaining IMP 7,500 x 21%	1,575
Total tax payable	2,875