How much would it work out gross?

Y

yram

Registered User
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Hi all,
If I got paid 28K per year, what would this work out at per month? It is an industry wage (i.e. not public sector). How would I calculate take home pay?
Thanks
 
Works out at approx 34,400 p a. I have made certain assumptions

You are single
Can claim the PRSI allowance

Calc as follows hope it is correct. I have a excel spreadsheet I changed to get the result below (PRSI can be very tricky to calc when working from Net to gross)


Gross pay ....................34,400
tax * 20% ....6,880
Credits .........3,660
Net tax ........3,220
Prsi .............2,487
Levies ...........688
Total Deduct.............6,395
Net Pay................. 28,005
 
use this link http://www.deloitte.ie/tc/

I think asdfg misread your query

assuming you are single, and are asking what it would be for full year 2010:


Gross 28,000
Tax 20% 5,600
Less Credit -3,660
1,940
PRSI 1,976
Inc Levy 560

Total Deductions 4,476

Net take home 23,524

per Mth 1,960
 
There's a lack of clarity about your request- it's not clear whether you want to calculate a gross pay amount [gross pay= amount before tax is deducted] to give a net [i.e. take home] pay of €28000 pa or whether you want to calculate the net take home pay for an annual gross of €28000.

The title of your post ('How much would it work out gross') suggests that you want to work out the gross pay needed to arrive at a net annual take-home pay of €28000.
If that is the case, you'd need to earn €34,394 gross- this will give you a monthly net of €2333 (annual take-home of €28000).

If you are actually earning a gross value of €28000 pa then the net take home pay will be €1960 as per the previous poster's calculation.

Check my spreadsheet at http://taxcalc.eu/monthlyss for details. It includes a 'net-to-gross' calculator to deal with this type of query.
 
Another link:
[broken link removed]

Click on tax credits and if you are a PAYE worker (i.e. you work for someone else and they hand you payslip with your tax deducted) tick the PAYE Credit.

Then go back income and type in your gross income. Net annual salary is then down the bottom.
 
Sorry for the lack of clarity - yes - 28k is the wage I will be getting per annum. Just trying to figure out what take home would be per month. Yes am single. Thanks.
 
If you have been unemployed up to now , on JSA - you will not pay full tax , as your credits will be cumulative .

However , windup is correct above on the basis that you start work on 1st January 2011 ( hoping that budget figures remain the same as now )

For a correct analysis , you need to give more details of your circumstances/ earnings from Jan '10 to Sep '10
 
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