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Before going to the tax rates of salaries tax and personal assessment, you may want to know how to calculate the amount of tax you should pay. This article will also tell you the standard rate and annual income levels at which salaries tax payers enter the standard rate zone.

How to Calculate the Amount of Tax that You Should Pay?

Your net chargeable income, i.e. assessable income after deductions and allowances, is charged at progressive rates. But if what you need to pay on the basis of your net chargeable income exceeds the tax charged at standard rate on your net total income, i.e. assessable income after deductions but before allowances, then you have to pay the lower amount of tax.

Year of Assessment 2010/11 onwards#

 Net chargeable IncomeRateTax
 $ $
On the First40,0002%800
On the Next40,0007%2,800
 80,000 3,600
On the Next40,00012%4,800
 120,000 8,400
Remainder 17% 

 #     Until superseded

Tax Reduction

Year of Assessment% of Tax ReductionMaximum Per Case ($)Applicable Tax Types
2010/1175%6,000salaries tax and tax under personal assessment
2011/1275%12,000salaries tax, profits tax and tax under personal assessment
2012/13 & 2013/1475%10,000salaries tax, profits tax and tax under personal assessment
2014/1575%20,000salaries tax, profits tax and tax under personal assessment
2015/1675%20,000salaries tax, profits tax and tax under personal assessment

 

Standard Rate

Year of AssessmentTax Rate
2010/11 onwards#15%

#     Until superseded

Tax Reduction

Year of Assessment

% of Tax Reduction

Maximum Per Case ($)

Applicable Tax Types

2010/11

75%

6,000

salaries tax and tax under personal assessment

2011/12

75%

12,000

salaries tax, profits tax and tax under personal assessment

2012/13 & 2013/14

75%

10,000

salaries tax, profits tax and tax under personal assessment

2014/15

75%

20,000

salaries tax, profits tax and tax under personal assessment

2015/16

75%

20,000

salaries tax, profits tax and tax under personal assessment

 

Annual Income Levels at Which Salaries Tax Payers Enter the Standard Rate Zone

 

Year of Assessment

 

 2010/11
$

 

2011/12
$

 

2012/13
$

 

2013/14
$

 

2014/15
$

 

2015/16
$

 

2016/17
$

Single1,518,0001,518,0001,620,0001,620,000 1,620,0001,620,0001,722,000
Married2,436,0002,436,0002,640,0002,640,000 2,640,0002,640,0002,844,000
Married + 1 child^2,861,0002,946,0003,175,5003,235,000 3,235,0003,490,0003,694,000
Married + 2 children^3,286,0003,456,0003,711,0003,830,000 3,830,0004,340,0004,544,000
Married + 3 children^3,711,0003,966,0004,246,5004,425,000 4,425,0005,190,0005,394,000

Including Two Dependent Parents or Grandparents Aged 60 or Above

 

Year of Assessment

 

 2010/11
$

 

2011/12
$

 

2012/13
$

 

2013/14
$

 

2014/15
$

 

2015/16
$

 

2016/17
$

Single2,028,0002,130,0002,266,0002,266,0002,300,0002,300,0002,504,000
Married2,946,0003,048,0003,286,0003,286,0003,320,0003,320,0003,626,000
Married + 1 child^3,371,0003,558,0003,821,5003,881,0003,915,0004,170,0004,476,000
Married + 2 children^3,796,0004,068,0004,357,0004,476,0004,510,0005,020,0005,326,000
Married + 3 children^4,221,0004,578,0004,892,5005,071,0005,105,0005,870,0006,176,000

Including Two Dependent Parents or Grandparents Both Aged 60 or Above and Living With You

 

Year of Assessment

 

 2010/11
$

 

2011/12
$

 

2012/13
$

 

2013/14
$

 

2014/15
$

 

2015/16
$

 

2016/17
$

Single2,538,0002,742,0002,912,0002,912,000 2,980,0002,980,0003,286,000
Married3,456,0003,660,0003,932,0003,932,000 4,000,0004,000,0004,408,000
Married + 1 child^3,881,0004,170,0004,467,5004,527,000 4,595,0004,850,0005,258,000
Married + 2 children^4,306,0004,680,0005,003,0005,122,000 5,190,0005,700,0006,108,000
Married + 3 children^4,731,0005,190,0005,538,5005,717,000 5,785,0006,550,0006,958,000

Including One Dependent Parent or Grandparent Aged 60 or Above and Living With You and One Disabled Dependent Brother or Sister

 

Year of Assessment

 

 2010/11
$

 

2011/12
$

 

2012/13
$

 

2013/14
$

 

2014/15
$

 

2015/16
$

 

2016/17
$

Single2,793,0002,895,0003,107,5003,107,5003,141,5003,141,5003,345,500
Married3,711,0003,813,0004,127,5004,127,5004,161,5004,161,5004,467,500
Married + 1 child^4,136,0004,323,0004,663,0004,722,5004,756,5005,011,5005,317,500
Married + 2 children^4,561,0004,833,0005,198,5005,317,5005,351,5005,861,5006,167,500
Married + 3 children^4,986,0005,343,0005,734,0005,912,5005,946,5006,711,5007,017,500

Being a Single Parent with

 

Year of Assessment

 

 2010/11
$

 

2011/12
$

 

2012/13
$

 

2013/14
$

 

2014/15
$

 

2015/16
$

 

2016/17
$

1 child^2,861,0002,946,0003,175,5003,235,000 3,235,0003,490,0003,694,000
2 children^3,286,0003,456,0003,711,0003,830,000 3,830,0004,340,0004,544,000
3 children^3,711,0003,966,0004,246,5004,425,000 4,425,0005,190,0005,394,000

Note: The effects of the various deductions are not included in the above tables.

^ Not include new born child allowance

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Last revision date: May 2016

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