Niamh earns €700 per week in her job. She gets some overtime, where she earns €100 extra for the week.
Niamh is entitled a weekly rate band of €678.85. She has tax credits worth €63.47.
Calculation of Niamh's tax for the week with overtime
| Income | Tax |
Normal pay |
€700 |
|
Overtime |
€100
|
|
Total pay for the week |
€800
|
|
Standard rate band taxed at 20% |
€678.85
|
€135.77
|
Pay above rate band taxed at 40% |
€121.15
|
€48.46
|
Gross tax |
|
€184.23
|
Less tax credits |
|
€63.47
|
Tax payable |
|
€120.76
|