Sheet 1: Income in Period 01  and Period

	
	
	
	

		
2020 Tax Calculator for Individuals
		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Residency status for income tax purposes
		

		Select "R" for Resident or "N" for Non-Resident taxpayer
		 R 
		


		


		


		


		


		


		


	
	

		
Employment Income
		


		


		


		


		


		


		


		


	
	

		
Period: January - December
		

		Type your Salary for January - December
		

		


		


		


		


		


		


		


	
	

		
Total Employment Income
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Less Exemptions/Deductions
		


		


		


		


		


		


		


		


	
	

		
Lumpsum Payment Exemption
		

		Type lumpsum exemption if applicable. Max is $5,000
		

		


		


		


		


		


		


		


	
	

		
Redundancy Exemption
		

		Type redudancy exemption if applicable. Max is $15,000
		 $-   
		


		


		


		


		


		


		


	
	

		
Total Deductions
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Total Employment Income subject to income tax
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Business Profit for tax purpose
		


		


		


		


		


		


		


		


	
	

		
Period: January - December
		

		Type your business net profit for January - December
		

		


		


		


		


		


		


		


	
	

		
Total Profit
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Other Income
		


		


		


		


		


		


		


		


	
	

		
Period : January - December 
		

		Type total of all other income except interest and dividend earned from January to December
		

		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Total Chargeable Income
		
 $-   
		


		


		

 
		
		


		


		


	
	

		
Income Tax Payable to FRCS
		


		


		


		


		


		


	
	

		
Total Income Tax Calculated
		
 $-   
		


		


		


		


		


		


		


	
	

		
Less Actual  PAYE Tax paid  during the year
		

		Enter total PAYE tax deducted as shown in the Withholding Tax Certificate issued by the employer.

		

		


		


		


		


		


		


		


	
	

		
Less Advance Tax paid  during the year
		

		Enter total advance tax deducted or paid in 2018


		

		


		


		


		


		


		


		


	
	

		
Income Tax Payable/(Refund)
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Social Responsibility Tax calculated
		
 $-   
		


		


		


		


		


		


		


	
	

		
Less Actual  SRT paid  during the year
		

		Enter total SRT deducted as shown in the Withholding Tax Certificate issued by the employer.


		

		


		


		


		


		


		


		


	
	

		
SRT Payable/(Refund)
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Environment and Climate Adaptation Levy (ECAL)
		
 $-   
		


		


		


		


		


		


		


	
	

		
Less ECAL paid during the year
		

		Enter total ECAL deducted as shown in the Withholding Tax Certificate issued by the employer.

		

		


		


		


		


		


		


		


	
	

		
ECAL payable/Refund
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Total Tax and SRT Payable/(Refund)
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	

 


Sheet 2: Income in period 01 only

	
	
	
	

		
2020 Tax Calculator for Individuals
		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Residency status for income tax purposes
		

		Select "R" for Resident or "N" for Non-Resident taxpayer
		 R 
		


		


		


		


		


		


		


	
	

		
Employment Income
		


		


		


		


		


		


		


		


	
	

		
Period: January - December
		

		Type your Salary for January - December
		 $300,000.00 
		


		


		


		


		


		


		


	
	

		
Total Employment Income
		
 $300,000.00 
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Less Exemptions/Deductions
		


		


		


		


		


		


		


		


	
	

		
Lumpsum Payment Exemption
		

		Type lumpsum exemption if applicable. Max is $5,000
		

		


		


		


		


		


		


		


	
	

		
Redundancy Exemption
		

		Type redudancy exemption if applicable. Max is $15,000
		 $-   
		


		


		


		


		


		


		


	
	

		
Total Deductions
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Total Employment Income subject to income tax
		
 $300,000.00 
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Business Profit for tax purpose
		


		


		


		


		


		


		


		


	
	

		
Period: January - December
		

		Type your business net profit for January - December
		

		


		


		


		


		


		


		


	
	

		
Total Profit
		
 $-   
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Other Income
		


		


		


		


		


		


		


		


	
	

		
Period : January - December 
		

		Type total of all other income except interest and dividend earned from January to December
		

		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Total Chargeable Income
		
 $300,000.00 
		


		


		

 
		
		


		


		


	
	

		
Income Tax Payable to FRCS
		


		


		


		


		


		


	
	

		
Total Income Tax Calculated
		
 $53,600.00 
		


		


		


		


		


		


		


	
	

		
Less Actual  PAYE Tax paid  during the year
		

		Enter total PAYE tax deducted as shown in the Withholding Tax Certificate issued by the employer.

		 $10,650.23 
		


		


		


		


		


		


		


	
	

		
Less Advance Tax paid  during the year
		

		Enter total advance tax deducted or paid in 2018


		

		


		


		


		


		


		


		


	
	

		
Income Tax Payable/(Refund)
		
 $42,949.77 
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Social Responsibility Tax calculated
		
 $3,900.00 
		


		


		


		


		


		


		


	
	

		
Less Actual  SRT paid  during the year
		

		Enter total SRT deducted as shown in the Withholding Tax Certificate issued by the employer.


		

		


		


		


		


		


		


		


	
	

		
SRT Payable/(Refund)
		
 $3,900.00 
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Environment and Climate Adaptation Levy (ECAL)
		
 $3,000.00 
		


		


		


		


		


		


		


	
	

		
Less ECAL paid during the year
		

		Enter total ECAL deducted as shown in the Withholding Tax Certificate issued by the employer.

		

		


		


		


		


		


		


		


	
	

		
ECAL payable/Refund
		
 $3,000.00 
		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Total Tax and SRT Payable/(Refund)
		
 $49,849.77