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Current rates and allowances. How much Income Tax you pay in each tax year depends on: how much of your income is above your Personal Allowance. how much of your income falls within each...
Income Tax is a tax you pay on your earnings - find out about what it is, how you pay and how to check you're paying the right amount using HMRC's tax calculator.
Check your Income Tax for the current year; Check how much Income Tax you paid last year; Check your Simple Assessment tax bill; Check if you need to tell HMRC about additional income
Income tax is paid on money you earn – that could be from employment, being self-employed, receiving a pension, or other forms of income, such as letting a property. Your taxable income is the amount you earn above the personal allowance (£12,570 2023-24 and 2024-25) and any other tax-free allowances you are eligible for.
Personal income tax rates. Income tax is charged at graduated rates, with higher rates of income tax applying to higher bands of income. Tax is charged on total income (from all earned and investment sources) less certain deductions and allowances.
Matthew JenkinSenior writer. This handy calculator will show you how much income tax and National Insurance you'll pay in the 2024-25, 2023-24, 2022-23 and 2021-22 tax years, as well as how much of your salary you'll take home. How to use the Which? income tax calculator.
Since 1997, the United Kingdom's Tax Law Rewrite Project [64] has been modernising the United Kingdom's tax legislation, starting with income tax, while the legislation imposing corporation tax has itself been amended; the rules governing income tax and corporation tax have thus diverged.
CALCULATE. Clear form. Your results. Enter your details above to see your results here. You need to scroll back up and fill in your details before we can give you your results. Need-to-knows. Read a full breakdown of the tax you pay: Tax Rates 2024/25. IMPORTANT!
For the 2024/25 tax year, if you live in England, Wales or Northern Ireland, there are three marginal income tax bands – the 20% basic rate, the 40% higher rate and the 45% additional rate (also remember your personal allowance starts to shrink once earnings hit £100,000).
Tax Year. How to use the Take-Home Calculator. To use the tax calculator, enter your annual salary (or the one you would like) in the salary box above. 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.