UK Income tax calculator


What is Income Tax?

Before using our UK Income Tax calculator, we  can provide the general information about UK income tax rates and bands. To calculate your income tax liability in the UK. You will need to know the following details:

Income: Your total taxable income, including salary, self-employment income, rental income, etc.

Personal Allowance: The amount of income you can earn tax-free. Please note that the personal allowance may vary each tax year.

Tax Bands: The income tax rates at which different portions of your income are taxed.


How is the tax calculated?

For the 2023-2024 tax year, the UK income tax calculator bands and rates were as follows:

Personal Allowance: £12,570 (0% tax),

Basic Rate: £12,571 to £50,270 (20% tax),

Higher Rate: £50,271 to £150,000 (40% tax),

Additional Rate: Over £125,140 (45% tax),

To calculate your income tax, follow these steps:

Step 1: Subtract your Personal Allowance from your total income to find your taxable income.

Step 2: Apply the applicable tax rate to each tax band.

Step 3: Add up the tax amounts from each band to get your total income tax liability.


Can I use this as a Self Assessment tax calculator?

We provided earlier can help you understand how income tax is calculated in the UK. It is essential to use an official and up-to-date tool for accurate calculations. When it comes to Self Assessment tax bill.

For Self Assessment tax calculations in the UK. We will work out income tax, national insurance contributions owe on your self employed profit or loss.  Moreover, HMRC provides an online Self Assessment tax calculator that allows you to input your income, deductions, and other relevant details to calculate your tax liability accurately.

Using HMRC’s official tools ensures that you are using the most current tax rates and regulations, reducing the risk of errors in your calculations. Additionally, Self Assessment tax return can be complex, and individual circumstances may vary. So seeking tax accountant can be beneficial to ensure compliance and optimize your tax situation.

You can access HMRC‘s official website or contact them directly to find their official Self Assessment tax calculator and other relevant resources.

It is essential to refer to the latest information from HM Revenue & Customs (HMRC) or use an official UK income tax calculator for the most accurate results. HMRC’s website provides a tax calculator that can help you estimate your income tax liability based on your specific circumstances.