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Income Tax


Tax Rates 2014

Tax Rates 2014

 

Single Rates
00,000 08,500 00% 0,000
08,501 14,500 15% 1,275
14,501 19,500 25% 2,725
19,501 60,000 29% 3,505
60,001 and over 35% 7,105
Married Rates
00,000 11,900 00% 0
11,901 21,200 15% 1,785
21,201 28,700 25% 3,905
28,701 60,000 29% 5,053
60,001 and over 35% 8,653
Parent Rates
00,000 09,800 00% 0,000
09,801 15,800 15% 1,470
15,801 21,200 25% 3,050
21,201 60,000 29% 3,898
60,001 and over 35% 7,498

 

Income tax is the amount deducted from your monthly pay depending on your annual income. The Income tax rate depends mainly on your income. However some parents/married couples can benefit from reduced tax rates.

For further information please refer to the Inland Revenue website by clicking here.

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