VAT Calculator – Practical Business Solutions

Practical business solutions

INCOME TAX CALCULATOR

The threshold at which employees start to pay national insurance changes from July.

Just select 2022/23 from the ‘Tax Year’ selector and the calculator will show you what impact this will have on your monthly take home pay, and how much tax you’ll pay over the year.

Gross (pre-tax) Income

Per

Tax Year

Age

Pension contributions/mth (Optional)

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Pension contributions per year

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Gross (pre-tax) Income per year for income tax

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Gross (pre-tax) Income per year for NI

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Based on your answers we estimate your yearly take-home pay to be:

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Your pay (You told us this)

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Tax-free allowance

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Your tax-free allowance is-1

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Your tax-free allowance is-2

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Your taxable pay is (1)

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Your taxable pay is (2)

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Income Tax-1

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Income Tax-2

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Income Tax-3

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Income Tax-4

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Income Tax-5

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Income Tax-6

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National Insurance-1

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National Insurance-1-july

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National Insurance-2

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National Insurance-2-july

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National Insurance-3

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National Insurance-3-july

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Total National Insurance

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Total tax to pay

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Your estimated take-home pay for Your selected Tax Year

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Your estimated monthly take-home pay Until July

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Your estimated monthly take-home pay After July

IMPORTANT! This is only a ready reckoner that makes standard assumptions to estimate your tax breakdown. There are many other possible variables, contact us if you have a question about INCOME TAX.

SEND INCOME TAX ENQUIRY

*Disclaimer: We have made every attempt to make sure that the calculations are correct but Practical Business Solutions cannot be held responsible for incorrect output from this calculator or for the outcome of any decisions you make as a result of using it.