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How is tax my calculated
Barneysmom
Posts: 10,136 Ambassador
in Cutting tax
Just out of interest how would I find out a breakdown of how my tax is calculated?
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Comments
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Not sure exactly what you want to know, but tax is calculated by adding up all your income from all sources, taking away your personal allowance and any allowable expenses and applying the various tax rates to what's left.£705,000 raised by client groups in the past 18 mths :beer:0
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There are a number of simple tax calculators on the web, try this one see if it helps you understand the system better.0
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