1. What is Net Pay Calculation?

The net pay calculation determines your take-home salary after deducting income tax, Universal Social Charge (USC), and Pay Related Social Insurance (PRSI) from your gross salary in Ireland.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Income Tax — 20% on first €40,000, 40% on remainder (2023 rates)
• USC — Progressive rates from 0.5% to 8%
• PRSI — 4% of gross pay

3. Irish Tax System Overview

Details: Ireland uses a progressive tax system with tax credits. This calculator provides estimates based on standard rates without accounting for individual tax credits or reliefs.

4. Using the Calculator

Tips: Enter your gross annual salary in EUR. The calculator will estimate your income tax, USC, PRSI, and net annual pay based on 2023 rates.

5. Frequently Asked Questions (FAQ)

Q1: Are tax credits included in this calculation?
A: No, this provides a basic estimate without personal tax credits which would reduce your tax liability.

Q2: How often are tax rates updated?
A: Tax rates typically change in the annual budget (usually October). Always check revenue.ie for current rates.

Q3: What's not included in this calculation?
A: Pension contributions, health insurance benefits, or other salary deductions are not accounted for.

Q4: Is USC the same as income tax?
A: No, USC is a separate charge with different rates and bands from income tax.

Q5: How accurate is this calculator?
A: It provides a good estimate for standard cases. For precise figures, consult a tax professional or use Revenue's online calculator.