Niamh earns €700 per week in her job. She gets some overtime, where she earns €100 extra for the week.
Niamh is entitled a weekly rate band of €769.23. She has tax credits worth €68.27.
Calculation of Niamh's tax for the week with overtime
Description | Income | Tax |
Normal pay |
€700 |
|
Overtime |
€100
|
|
Total pay for the week |
€800
|
|
Standard rate band taxed at 20% |
€769.23
|
€153.85
|
Pay above rate band taxed at 40% |
€30.77
|
€12.31
|
Gross tax |
|
€166.16
|
Less tax credits |
|
€68.27
|
Tax payable |
|
€97.89
|