Use this form to calculate your Personal Income Tax.

COMPUTATION OF PERSONAL INCOME TAX















 

COMPUTATION OF ALLOWANCE AND DEDUCTIONS










COMPUTATION OF TAX ON CHARGEBABLE INCOME

 

SELECT ONE(1) OF THE THREE(3) CONDITIONS AND ENTER THE RESULT IN THE "TAX PAYABLE" COLUMN

Condition 1: use if Chargeable Income is between $0 and $20,000 Chargeable Income Tax Payable
Enter Chargeable Income from line 2006 A x15%
Total Tax Payable on line B and Carry to line 3000 B

Condtion 2: use if Chargeable Income is between $20,001 and $50,000 Chargeable Income Tax Payable
Enter Chargeable Income from line 2006 A  
Tax on the first $20,000 B $20,000.00 $3,000.00
Difference (minus lineB from line A) C x25%
Total Tax Payable on line D (line B plus line C)Carry to line 3000 D

Condition 3: use if Chargeable Income is greater than $50,000 Chargeable Income Tax Payable
Enter Chargeable Income from line 2006 A  
Tax on the first $50,000 B $50,000.00 $10,500.00
Difference (minus line B from line A) C x35%
Enter Total Tax Payable on line D (line B plus line C)Carry to line 3000 D

 

LESS: CREDITS AND PAYMENTS




 

 

Attention, please read the following information:

1. Make cheque or money order payable to the COMPTROLLER OF INLAND REVENUE, DO NOT MAIL CASH

2. Return MUST be filled ON OR BEFORE MARCH 31st

3. Any balance due MUST be paid ON OR BEFORE MARCH 31st

4. A 10% PENALTY and INTEREST AT 1% PER MONTH OR PART THEREOF will be charged on payments made after MARCH 31st

5. If you require assistance in completting this form, contact the Inland Revenue Division on telephone number : 266 3600