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Tax Calculator

Tax Calculator 2018

This is the calculator for 2018. Other years are available here: 2014 2015 2016 2017

The purpose of this calculator is to give you an approximation of your MONTHLY take home pay.

Please enter the average number of days you will work per month i.e. 20 days

This calculator will apply one months tax credits to your days worked.

Do not enter the number of days you expect to work over the entire course of the contract.

This will then allow you to compare your monthly Take Home pay as a Contractor to your current salary as an Employee.

Input your business expenses and show how they affect your net Pay as a Contractor.

PLC / Director Umbrella PAYE Umbrella Employee
Daily Rate: EUR EUR
No of Days:
Gross Income: 0 EUR 0 EUR
Icon Fee: EUR EUR
Allowable Expenses: EUR EUR
Employer PRSI: 0 EUR
Annual Salary: EUR
Taxable Income: 0 EUR 0 EUR 0 EUR
Single/Married:
Taxable 20%: 0 EUR 0 EUR 0 EUR
Taxable 40%: 0 EUR 0 EUR 0 EUR
Tax value 20%: 0 EUR 0 EUR 0 EUR
Tax value 40%: 0 EUR 0 EUR 0 EUR
Less Married/Single Tax Credits: 0 EUR 0 EUR 0 EUR
Less Additional Tax Credits: EUR EUR EUR
Paye Due: 0 EUR 0 EUR 0 EUR
PRSI: 0 EUR 0 EUR 0 EUR
USC: 0 EUR 0 EUR 0 EUR
PRSI & USC: 0 EUR 0 EUR 0 EUR
Net Pay: 0 EUR 0 EUR 0 EUR
Expenses Refunded: 0 EUR 0 EUR 0 EUR
Net Payment to Contractor: 0 EUR 0 EUR 0 EUR
Retention Rate: 0 % 0 % 0 %

This is a guide only and Icon Accounting can not be responsible for the accuracy of the information

How it Works

  • Enter your daily rate of pay in Column 1 & 2
  • Enter number of days worked
  • Enter your Business Expenses in Allowable Expenses Field
  • Enter your current Annual Salary in Column 3
  • Now pick your marital status from Drop Down
  • Input your additional Monthly tax credits. e.g. Rent Tax Credit
  • Now check your Net take home pay to see how you compare