Using Current tax rates on gross annual income of $41,600.00:
| Tax Bracket | Attributable Income | Tax Component | Residual |
|---|---|---|---|
| 10.50% | $14,000.00 | $1,470.00 | $12,530.00 |
| 12.82% | $1,600.00 | $205.12 | $1,394.88 |
| 17.50% | $26,000.00 | $4,550.00 | $21,450.00 |
| 21.64% | $0.00 | $0.00 | $0.00 |
| 30.00% | $0.00 | $0.00 | $0.00 |
| 30.99% | $0.00 | $0.00 | $0.00 |
| 33.00% | $0.00 | $0.00 | $0.00 |
| 39.00% | $0.00 | $0.00 | $0.00 |
| Total | $41,600.00 | $6,225.12 | $35,374.88 |
ACC premium: $665.60
After paying tax and ACC, the amount of income from a $41,600.00 annual salary is:
Giving an effective tax rate of 16.56%
(i.e. 14.96% + 1.6% ACC)
* Tax tables and thresholds last updated on 16/09/2024.
These tax on salary calculations are provided as a guide only - actual amounts may vary from the information displayed on this page. Please refer to the Inland Revenue Department should you wish to determine your exact tax liability.
The calculations exclude benefits and other tax credits such as working for families.
68 Comments
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Can you add a calculator that incorperates the family tax credit as well? I have 3 kids and need to work out my in the hand money for different options. Cheers.
Thank you. This is exactly what I have been looking for ima simple format. Thanks!
This is awesome! I've been looking for something like this for ages. This makes calculating my tax a whole lot easier! Thanks!
This just made me realize im now bankrupt
Thanks for putting this together, it's simple and easy to use, perfect!
Hi, this is very handy thanks, but is there any way you can incorporate the gross hourly rate into it? My husband's monthly pay doesn't seem to match his hourly rate and he feels like he is being cheated out of some pay.
This is awesome! So much easier to use than finding your way around the IRD site.
Is this based on a 40 hour week
Joel, it's based on total personal income for the year. It doesn't matter how many hours you work per week. The "cash in hand per week" is assuming that you have a regular salary.
I thought Kiwisaver was deducted from Gross Pay. This looks like you are deducting from Net pay?
Hi "not sure", Kiwisaver is calculated on gross pay and that's what this calculator is doing. If you try an example of $100000 salary and 2% kiwisaver then you'll see that the kiwisaver amount is $2000, which is correct.
Nice tool, simple to use and shows everything broken down so even advertising types like myself can understand it :D
Thanks!
This is so easy and simple. You should create an Android App that will give same calculation as on this page.
Hey how come 4x the per week amount dosnt add up to the per month amount?
Mark: there are more than 4 weeks per month. (actually about 4.3)
This tool is simply genius. So quick and easy to use and I have been looking for something like this for ages, using IRD website is a flaming nightmare. Thanks for setting this up!!
loving your awesome work on this very handy tool. are you able to add on a function to calculate the FTC as well, I've got 3 children and want to work a couple of different senarios. thanks for making the info available. Cheers
This is the best tool! simple, clear, and easy, thanks!
Hiya,
Just wondering when this will be updated to reflect the student loan/kiwisaver changes from 1 April 2013? This tool is so handy for our budgeting!
Hi Marie, the calculator has been updated to reflect the 2013-2014 student loan and kiwisaver thresholds.
About time! Soooooooo much easier to use than that awful IRD website! Thanks so much!
Brilliant
for me, this is THE most simple and effective NZ income tax calculator on the web. nice work!
Yea Baby Yea. Easy stuff, Now I can stop reflecting on the lives of other people and focus on my life.
Perfect Thank you so much for setting this up. the IRD website just confuses everything naturally!!
Brilliant!
Easy. Thank you for this. made it so much easier to work out how much starting kiwisaver would effect my weekly income. great site.
Fantastic. Thanks for making this so easy.
Brilliant Calculator! Thank you.
So Cool. I was floundering around on the ird website trying to find out how much tax I would pay. I was at the point whereby I was going to be rude to the ird. Instead I thought stuff this, I'll try something else. I found this site and it is Brilliant! IRD's website is typical of a government department... Thank you so much for making it simple. :)
Good WOrk!!! Just Awesome :) :) :)
Thank you! Just great, you need a link to this on the IRD website and it would be great to have an app for this
Great job :-)))
so much better than any of the IRD online tools - and easy and detailed!
Fantastic. Thanks so much...I did not want to 'register' with IRD simply to work out rough payments. Truly appreciated!
Very nice calculator! This has helped me alot - Cheers!
This is a totally brilliant and simple tool. I've been here many times when re-negotiating or comparing salaries for a new job ... helps me actually compare apples with apples.
One suggestion... some companies have their own super scheme that requires a different %contribution than kiwisaver (e.g. 4.8%) ... could you pop a box in that says 'other super' and let us enter the % rate to cater for this? pleeeease :) :)
kate
Great calculator! Invaluable tool
what a great tool! very helpful, thanks for posting
This is amazing calculator. Each and every single cent could be tracked. I was trying to find out my net pay after tax for $70000.00
Even I visit IRD two times but the way they were explaining in far complicated. Now I can see the whole break down of my salary structure. Well its a real handy tool.
No where else can i find what i should expect. This is great. Could you put in a child support calculator? My partner pays child support and we both use this site.
Thank you, Exactly what i was looking for
Awesome. Very helpful, Thank u so much
Great Calculator. This is brilliant. Was trying to work this out on the IRD site, this is far easier
Fantastic calculator! Brilliant, just made my decision on signing my contract due to this calculator..fast and easy! thankyou
Thanks for this handy tool.
Cool
Very simple and easy to use
If only I had found this sooner!
After spending about hour working out what my txt rate would be with my student loan etc I found this!! Best tool ever thanks!
Such a great tool. I use often.
Nothing else compares!!
Hi, I have noticed the fortnight amounts doesn't match the monthly amount divided per two, why is that?
Thanks for the great tool, I've been using it for years now.
Paulo, the reason that fortnightly amounts don't match monthly amounts divided by two is because there are more than 28 days in each month.
Cheers :)
I should've researched better before commenting.
Just before checking for a reply here I did and found out there are 26.0887285 forth nights in a year (I can see your calculations rounded it to 26)
Thanks a lot
Fantastic! Such a useful site. Thank you!!
Thank you just what I was looking for!
Bloody Brilliant!
Thank you so much for this, and it is such a simple tool also. Would've thought the IRD would have a similar tool, but no.
chur
The whole internet used to be like this page, simple and effective, no ads, sweet comments board with no signup stuff. Thanks for keeping it real.
Fantastic
Hi there, this is a great page, I use this all the time. Thanks for your good work.
Great resource
So much better than anything IRD offers! Nice and simple. This page is now my "go to." thanks!
this is good
Agree with everyone else
Have used this calculator many times and recommend it to others. Thanks a lot!
This page is great! It's on my favourites and I use it a lot. Thanks!
Nice one
Simple and effective! Good work thanks.
awesome calculator, any chance of publishing it in an excel spreadsheet? cheers
2016 ACC Rates?
Any plans for an update to the new ACC rates for this year?
2016 ACC Rates have been updated now!
Great site
It's is so wonderful easy, your tax system!
You should see the extremely complicated German tax calculation!
Thanks
:-)
Really appreciate you making this available and free to use - very helpful.
Great! Awesome, easy to use & gives precise numbers. Using this to budget as I'm changing jobs and my husband got pay rise. Recommending this to my friends!