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Andy008 | 13:32 Sun 09th Oct 2005 | Business & Finance
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How much tax would I be paying on a basic salary of �20K?
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Assuming no special circumstances affecting your tax code:

�4895 is tax free.
�2090 is taxed at 10%. (Tax = �209).
�13015 is taxed at 22% (Tax = �2863).

Total tax = �3072

Chris

The above seems pretty accurate but don't forget National insurance.

For a quick and fairly accurate total of your net wages for any salary under �32500 per annum just take off 25%

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