Tax credits are €1,700 as of 2022you need to say what your tax credits and cut-off point are
Could you let me know where I'd be able to ask the payroll clerk?You can also ask the payroll clerk to explain it to you.
Brendan
In your job.Could you let me know where I'd be able to ask the payroll clerk?
In your job.
Tax credits are €1,700 as of 2022
According to my calculations, taxable income is 8,333, not 8,033. Hence the 2,720Assuming you are single, then
Taxable income = 8,033
Taxed at 20% = Standard rate band 36,800 / 12 = 3,066.67 x 20% = 613.33
Taxed at 40% = Balance = 8,033 - 3,066.67 = 4,966.13 x 40% = 1,986.53
Total tax = 613.33 + 1986.53 = 2,599.86
Less tax credits = 1,700 / 12 = 141.67
Tax paid = 2,599.86 - 141.67 =2,458.19
No idea where you got your 2,720 from
Did you search for and try any of the several very good Irish tax calculators that I referred to earlier?It's impossible for people to do your specific calculations without full details of your specific personal situation.
The information above has helped me a bunch already. Thanks for the advice!Unless you post all of the relevant personal details then nobody will be able to double check your figures. And you may not want to post all such details here.
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