UK Tax Calculation for Indian Users:
From: | To: |
This calculator helps Indian citizens working in the UK estimate their income tax and National Insurance contributions for the 2024/25 tax year. It accounts for UK tax bands and personal allowances.
The calculator uses the UK tax formula:
Where:
Explanation: The calculation considers standard UK tax rules applicable to Indian citizens working in the UK.
Details: Accurate tax estimation helps Indian professionals in the UK plan their finances, understand take-home pay, and meet tax obligations.
Tips: Enter your annual salary in GBP, select 2024/25 tax year, and indicate if you're an Indian citizen. The calculator will estimate your UK tax liability.
Q1: Do Indian citizens pay different UK taxes?
A: No, but tax treaties may affect double taxation. This calculator shows standard UK taxes.
Q2: What is the UK personal allowance?
A: For 2024/25, the tax-free allowance is £12,570 for most taxpayers.
Q3: How is National Insurance different from Income Tax?
A: NI funds state benefits and has different thresholds and rates from Income Tax.
Q4: Are there special rules for Indian citizens?
A: The UK-India tax treaty may affect certain cases, but basic tax calculation follows UK rules.
Q5: Does this include student loan repayments?
A: No, this calculator focuses on Income Tax and National Insurance only.