#Income tax calculator code

If your overtime payments or bonuses are subject to pension contributions, tick these boxes (these apply automatically to auto-enrolment pensions). If your pension is not auto-enrolment, you can choose whether your contribution is based on your whole gross salary, or your 'Qualifying Earnings', which is the amount you earn between the auto-enrolment thresholds described in the previous paragraph. For auto-enrolment pensions, the percentage contribution field only applies to your earnings between the lower and upper thresholds (£6,240 to £50,270), not your whole income. If you do not know the percentage that you contribute, you can instead choose to enter the amount, in pounds and pence, that you contribute from each payslip.Ĭhoose the type of pension that you have, either an auto-enrolment employer pension, an other (non-auto-enrolment) employer pension, a salary sacrifice scheme, or a personal pension. If you contribute to a pension scheme by having a percentage of your salary deducted by your employer, enter the percentage into the 'Pension contribution' field. This is based on Income Tax, National Insurance and Student Loan information from April 2022. You'll be able to see the gross salary, taxable amount, tax, national insurance and student loan repayments on annual, monthly, weekly and daily bases. When you're done, click on the 'Calculate!' button, and the table on the right will display the information you requested from the tax calculator. By default, the 2022 / 23 tax year is applied but if you wish to see salary calculations for other years, choose from the drop-down. You can now choose the tax year that you wish to calculate. If you are repaying a loan for a postgraduate course, tick 'Postgraduate'. If you are repaying a student loan for a course which started before 1st September 2012, tick 'Plan 1', if you are repaying a student loan for a course which started on or after 1st September 2012, tick 'Plan 2'. New! There are now three repayment methods for Student Loans, which are known as Plan 1, Plan 2 and Postgraduate Loans. If you do not pay National Insurance, for example, if you are over State Pension Age, tick the 'No NI' box.

Similarly, tick the 'Blind' box if you are blind. If you are married, tick the 'Married' box. Select your age range from the options displayed. If you signed up for the voucher scheme before 6th April 2011, tick the box - this affects the amount of tax relief you are due. If you receive Childcare vouchers as part of a salary sacrifice scheme, enter the value of the vouchers you receive each month into the field provided. Pension contributions are estimates, click to learn more about pension contributions on The Salary calculator. If you have a pension which is deducted automatically, enter the percentage rate at which this is deducted and choose the type of pension into which you are contributing.

#Income tax calculator code

If you are unsure of your tax code just leave it blank and the default code will be applied. If you know your tax code, enter it into the tax code box for a more accurate take-home pay calculation. This will apply the Scottish rates of income tax. New! If your main residence is in Scotland, tick the 'Resident in Scotland' box. To make sure the calculations are as accurate as possible, enter the number of non-overtime hours in the week. There are two options in case you have two different overtime rates.

For example, for 5 hours a month at time and a half, enter 5 1.5. If you are earning a bonus payment one month, enter the £ value of the bonus into the bonus box for a side-by-side comparison of a normal month and a bonus month.įind out the benefit of that overtime! Enter the number of hours, and the rate at which you will get paid. To use the tax calculator, enter your annual salary (or the one you would like) in the salary box above