Income Tax Calculator Ghana

It can also be used to estimate income tax for the coming year for 1040 es filing planning ahead or comparison.

Income tax calculator ghana. The income tax rates and personal allowances in ghana are updated annually with new tax tables published for resident and non resident taxpayers. 2 act 2018 act 979. We do our best to ensure the accuracy of this tool but we cannot be held responsible for any errors. The calculator captures the calculation of the current 5 5 social security national insurance trust ssnit cost 13 employer cost taxable income.

The ghana tax calculator is a diverse tool and we may refer to it as the ghana wage calculator salary calculator or ghana salary after tax calculator it is however the same calculator there are simply so many features and uses of the tool ghana income tax calculator there is another that we refer to the calculator functionally rather. Free online income tax calculator to estimate u s federal tax refund or owed amount for both salary earners and independent contractors. Explore many more calculators on tax finance math fitness health and more. It is built using the latest tax rates from ghana revenue authority gra.

Residents are subject to tax at rates ranging between 0 and 30 on the following annual graduated scale of income. Non residents are liable to ghanaian income tax on any income derived in ghana from any trade business profession or vocation or which is derived from an employment exercised in ghana. Compute your net income paye income tax and ssnit deduction allowances are also taxed disclaimer. That is income tax amendment no.

Box yk 1356 kanda accra. The tax tables below include the tax rates thresholds and allowances included in the ghana tax calculator 2019. The user interface is neatly design and easy to use. Computation of income tax in ghana is done using this calculator.

The calculator is automatically programmed in such a way that it gives the tax value just after feeding your income values. The procedure of taxation used in ghana is very simple short and precise which makes it easy to calculate income tax for someone s disposable income. Personal income tax rates. Paye tax calculator is a simple mobile application designed primarily to aid the calculation of the paye tax payable to the ghana revenue authority gra by employers and employees in ghana.

It computes an individual paye and income to come up with the final tax which the person is required to pay to the government. Ghana paye calculator calculates your income tax based on your salary and ssnit contribution 5 5 and gives you an accurate representation of what you are to pay.