2006-09-02 03:51:25 · 11 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
Go to http://www.i-resign.com - there is a take home pay calculator on there - dead easy to use.
2006-09-02 13:01:53 · answer #1 · answered by cornwall_seo 2 · 0⤊ 0⤋
Simplest answer is look at your payslip.
If I knew your gross pay I could calculate your net pay.
You have an annual personal allowance which is split into weekly or monthly amounts (depending on how often you are paid)
Then you have part of your wages taxed at 10% the majority at 22% and if you have a well paid job the rest is at 40% Then National insurance is taxed at 11% on part of your salary.
Your employer is your best bet and then the Inland Revenue
2006-09-04 06:14:44 · answer #2 · answered by Squeak 3 · 0⤊ 0⤋
Take your gross pay, deduct 20% and that should give you a ball park net figure.
There are some other factors which can effect this, so it is not an exact sciece, but it will help you get an idea.
2006-09-02 13:49:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you are serious about calculating this then the best thing to do is book you onto a course with HMRC (Revenue and Customs) the courses are free. Book yourself onto the Paying Your Employees course through the Business support team and they will give you books and teach you how to do it.
I could tell you here and now as I pay 2500+ employees every month but there are so many things to go through i would be here all day as there are so many things to consider when calculating. I highly recommend the course
2006-09-02 13:09:48 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Just get the gross pay then subtract all the duductions like; pay as you earn, taxes and Nssf and what you remaim with will be the gross pay.
2006-09-04 14:18:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
gross pay
less expences
less tax upto ur contry value
any contribution
=net pay
2006-09-04 03:27:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Tax and NI is different for everybody. You payslip should reflect what tax and NI have been deducted. This will vary from person to person. It isn't 17.5% - that is VAT and has nothign to do with income tax and NI.
2006-09-02 11:20:36 · answer #7 · answered by MSMORTGAGE 3 · 1⤊ 0⤋
It depends on your tax code. I worked mine out to be 18% for tax and NI if you divide one by the other and press your % button it should tell you.
Good question though, not necesarily 17.5 thats VAT other idiot
2006-09-02 10:58:17 · answer #8 · answered by Emma 2 · 0⤊ 0⤋
Ask your employer to provide a payslip which should show all deductions. I'd be very surprised if you don't get a payslip.
2006-09-02 11:01:19 · answer #9 · answered by Charlie Babbage 5 · 0⤊ 0⤋
deduct tax which is usually 17.5%
idiot
2006-09-02 10:55:41 · answer #10 · answered by Anonymous · 0⤊ 2⤋