Income Tax Calculations Template

Perform annual income tax & monthly salary calculations based on multiple tax brackets and a number of other income tax & salary calculation variables. The template design incorporates seven default tax brackets but you can add additional tax brackets if your region requires more tax brackets. All the income tax & monthly salary calculations are automated and user input is limited to basic amounts.

• Flexible design accommodates any income tax calculation
• Includes 7 default income tax brackets (you can create more)
• Calculates income tax based on variable monthly remuneration
• All income tax calculations are automated
• Includes medical tax credits, UIF & pension deductions
• Calculate monthly net salary & tax on annual bonus
• Easy to update tax rates & other variables for new tax years
• Use for multiple tax years