salary income tax calculator excel sheet free download

You can see how the Government spends the money it receives as income tax and national insurance in two chart breakdowns, which show a percentage spent in each department and another chart, which will breakdown the departmental spend into pounds spent from your contributions.Īll tax calculations can be saved and emailed, so you can always return and bring up a copy whenever you need to.Īlongside the numeric comparisons, the calculator will also breakdown your tax status, with the following advanced features: A quick 'at a glance' historic tax chart showing how the gross income provided has differed over the last ten tax years. Once your pay breakdown has been produced you are provided with a table of all deductions, segmented into selectable pay periods.

Salary sacrifices are covered, both for pensions and childcare vouchers.

Income tax is calculated and categorised into bands for savings rate, basic rate, higher rate and additional/top rate (where applicable).National Insurance Contributions are calculated with a choice of eleven NIC letters, spanning PAYE (Class 1), CIS and Self Employed (Class 2 and Class 4) types.Pensions, including three different type of pension scheme.Personal tax free allowance, depending upon your date of birth and sex, the allowance is automatically calculated.This UK Tax Calculator will make light work of calculating the amount of take home pay you should have after all income tax deductions have been considered.Īn accurate breakdown of your pay is provided by incorporating the calculations for the following common pay allowances and deductions: How does IR35 Impact Take Home Pay - Use Our New Calculator to See.Budget 2023 Removes Limits on Tax Free Pension Investment.What is Full Expensing Announced In Budget 2023?.Bank of England Raises Base Rate to 4.25 Percent.

Salary income tax calculator excel sheet free download