Re: A PRSI question?? Is this correct calculation?

theresa1

Registered User
Messages
1,273
Is the following correct?

If your taxable earnings are between 1,543.01 to 2,167 you are in Class AL
First 511 Nil
Balance at 4%

If your taxable earnings are over €2,167 you are in Class A1
First 511 at 4%
next 5,702 at 8%
Balance at 9%
 
Yes, That looks ok. However, if the employee's cumulative earnings for the year to date exceed €75,035 (lucky him/her!), only the Health Levy is payable - at 4% on the first €511 and 5% on the remainder.
 
Back
Top