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 €707.69. She has tax credits worth €65.39.
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% |
€707.69
|
€141.54
|
Pay above rate band taxed at 40% |
€92.31
|
€36.92
|
Gross tax |
|
€178.46
|
Less tax credits |
|
€65.39
|
Tax payable |
|
€113.07
|