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Total amount of tax I'll have to pay for 2013 ? Advise please

  • 25-10-2013 11:23am
    #1
    sotols
    Registered Users Posts: 3 ✭


    Hi All,

    I would like to seek for an advise if anyone can help me. I have a contract for 28k per annum and I already paid around 3.2k on taxes ( prsi around 2100 and USC 1100). i'm single without kids and i rent a house if that helps. Does anybody know how much is the total amount i'll have to pay for this year?

    I'm asking because i had a lot of overtime payment already and i think i paid my portion of taxes already.

    Thanks in advance for your time
    Tagged:


Comments

  • #2
    ibarelycare
    Registered Users, Registered Users 2 Posts: 58,456 ✭✭✭✭ibarelycare


    Are you a PAYE employee? Is your overtime on top of your 28k? Are you sure that figure for PRSI is correct? €2100 for employee's PRSI?


  • #3
    sotols
    Registered Users Posts: 3 ✭sotols


    ibarelycare wrote: »
    Are you a PAYE employee? Is your overtime on top of your 28k? Are you sure that figure for PRSI is correct? €2100 for employee's PRSI?

    I'm a PAYE employee. Apologise for my mistake PAYE instead of PRSI. My PAYE is around 2.1k. Overtime in top of my contract.


  • #4
    ibarelycare
    Registered Users, Registered Users 2 Posts: 58,456 ✭✭✭✭ibarelycare


    Do you mind me asking why you think you've paid enough tax for the year? It's impossible for anyone to make that calculation without knowing what your gross pay is, the contracted amount of 28k is irrelevant!

    Say if there was no overtime involved, and up to the end of October you'd earned €23333 (28000/12*10), then your gross tax would be 4667 (23333 @ 20%), your tax credit would be 2750 (3300/12*10 - presuming you're on a normal single person's tax credits) so your net tax to the end of October would be €1916. That's not taking into account any overtime.


  • #5
    namenotavailablE
    Registered Users, Registered Users 2 Posts: 59,645 ✭✭✭✭namenotavailablE


    There are plenty of tax calculators available for PAYE employees- see the Excel spreadsheet linked in my signature or on the 'About me' tab of my profile.

    Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm



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