Worksheet to calculate your tax payable
Please complete from your own tax credit certificate:
Per Year
Per week (if weekly paid)
Per month (if monthly paid)
Per fortnight (if fortnightly paid)
Tax Credits
€
€
Standard Rate Cut-Off Point
€
€
Now calculate your tax using the following steps:
Step
1
Taxable Pay
Tax @ 20%
€
€
€
Apply standard rate 20% up to a
maximum of the standard rate cut-off
point as advised by Revenue in your
Tax Credit Certificate
€
Apply higher rate (41%) on pay in
excess of the standard rate cut-off point
(if any)
€
Add the figure of tax due at the
standard rate 20% to the figure of tax
due at the higher rate 41% (if any)
Deduct the amount of the tax credit
advised by Revenue in your Tax Credit
Certificate
2
Tax @ 41%
3
Gross Tax
4
Less Tax Credit
€
Net tax payable by you
this week (or
month/fortnight)
€
€
Gross tax less tax credits