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Calculate end of year tax returns (Single)
Tax year for calculations is 2009
(Form P21C)
Selected currency is Euro €
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INCOME FROM EMPLOYMENTS €:
Income for Self 32000.0
Other Incomes/Benefits 0.0
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Gross Statutory Income 32000.0
CREDITS (@20%)€:
Personal Allowance 9150.0
PAYE Allowance 9150.0
Medical Insurance Allowance 0.0
Service Charge Allowance 0.0
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Total Credits (@20%) 18300.0
ALLOWANCES (@41%) €:
Med Expenses, Perm Health 0.0
Expenses 0.0
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Total Allowances 0.0
COMPUTATION OF NET TAX PAYABLE BY YOU €:
Gross Statutory Income 32000.0
Less Allowances before tax 0.0
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Tax Levy below 100100 at 1.0% is 320.0
Tax Levy above 100100 at 2.0% is 0.0
Total Leve Due is is 320.0
Taxable Income (inc levy) 32000.0
Which is chargeable as follows:
32000.0 @ 20% = 6400.0
0.0 @ 41% = 0.0
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Income Tax due 6720.0
LESS €:
Tax Credits (18300.0 @20%) 3660.0
Total Income Tax due 3060.0
Net Tax deducted under PAYE 0.0
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Tax Underpaid € 3060.0