tax and national insurance calculator

[kibbles]

is there anywhere I can access a paye/NI calculator to calculate what would be paid on an hourly rate. For example, a person earns �7.33 ph, how much of that amount would they actually recieve net?
Thanx

[kempie]

You say �7.33 ph but not how many hours e.g. 37.5 pw or 40 pw.

Assuming a 37.5 hour week, a "usual" Tax Code of 522L, and no other deductions and allowances, then the gross weekly earnings would amount to �274.88

From this would be deducted Income Tax of �33.22 and NI of �19.24 - giving a net amount of �222.42

http://www.listentotaxman.com/index.php?calc=1 &year=2007&age=0&add=0&taxcode=&period=1950&in gr=%A37.33&Submit=Calculate

[kibbles]

hi, thanks for taking the time to answer. It was on a general assumption (ficticious person) of nil allowances but I needed to provide a believable result. I guessed around 20% in deductions.

[SpiderPig]

I find that a calculation of 70% take-home of gross pay works out about right, but I am paying into an NHS pension as well.

[kash1]

Yes, best online tax calculator: http://iknowtax.com

[JohnSanders]

I used in my calculations: J7.33 ph, weekly hours: 36, weekly days: 5/7

Salary £13,721.76
Taxable income £13,721.76
Personal Allowance £11,000.00
PAYE (Tax paid) £544.35
NI contribution £679.41
Total deduction £1,223.76
You Take Home £12,498.00

http://goodcalculators.com/tax-calculator/

[chintangrover]

Anyone can calculate their taxes through Tax Calculator. These tax calculators will help you that how can you save tax through different investment schemes like PPF (Public Provident Fund), Fixed Deposits, Life Insurance, National Pension Systems etc. These are few schemes which will help you to save tax through investment schemes.

[Divakarpatel]

To extract maximum tax benefits one needs to invest in different insurance policies. E.g. Insurance Plans, Health Plans etc. If you choose your policy wisely then you will get tax benefits on the maturity amount from the life insurance plans. There are various Tax sections in which you can invest e.g. Section 80C & 80CCC, Section 80D, Section 10, Section 80CCG and Section 80E etc. Or you can calculate your tax plans and investment plans through online Tax Calculators.

[FeryUK]

There are many tax calculator apps out there, but haven't seen a better one so far than this tax calculator: https://www.income-tax.co.uk/

It has a very unique user interface, and more options than any other tax calculator out there. I hope it helps.