Salary Taxation?

Question

Does any one have a clue as to how much tax i will have to pay each month for a salary of 3000 pounds ??

Answer 1

Supposing your tax code is 503L for the current tax year this is what you would be paid:

Gross pay £3000
Tax (£546)
NIC (£263)
NET PAY £2191

From April the tax codes will be uplifted by 19, bringing the normal tax code to 522L, therefore your pay will be:

Gross £3000
Tax (£543)
NIC (£263)
NET PAY £2194

Answer 2

it all depends on your tax code, previous total taxable amount and accumulated tax to date. it also depends on whether you're on a month 1 or cummulative basis and if you have any court orders agains you and if you have pre tax deductions.

if on a month 1 basis, have no deductions you'll pay
£567.60 on a taxable amount of £2580.04
and EENICs of £263.30 regardless of if tax is taken on a month 1 or cummulative basis

if you could provide a bit more details i'd be able to tell you both exact table methods (used by majority of employers and given by inland revenue) and manual calculation amounts

but generally you're looking at tax in that range
if you have no othe decuctions then take home pay will be (3000-263.3-567.6) £2169.10 approx

you could try tackling the calculations your self using the link below.
using NIC tables which will tell you what tables to use according to if you're on a contracted in/out scheme or married or have a second job
Using Table A for Pay Adjustments
Using Tables SR + B to D for tax amounts

or you could use the PAYE and NIC calculators, just enter in the search box on the webpage

Answer 3

If it's £3,000 Gross per month, that make £36,000 a year.

You would pay £6,554 a year in income tax and £3,166 a year in National insurance contributions.

This leaves you with £2,190 per month to you.

This all assumes that you have no student loan repayments, a normal, single person's tax code and you are not making pension contributions.

Answer 4

You should look on i-resign.co.uk (or .com I can't remember) they have a salary calculator which works it all out for you.