Calculate Take Home Pay

Because of my extensive background in payroll I am often asked by people to check their pay slips for accuracy. They are happy when I can verify independently that everything is in order. The other question I get asked is “if I earned €200 a week more in overtime how much would it be worth to me in my hand”.

Gross Pay to Net Pay Calculator

In 2019 I checked the internet for an interactive converter that would calculate net pay for a person in a given pay period for a given taxable pay. There was nothing on the Web that does this properly so Boyle Practical Project Management developed an interactive gross pay to net  application and tested it against hundreds of scenarios for different pay cycles. This gross to net pay calculator calculates tax (PAYE), pay related social insurance (PRSI, and universal social charge (USC) for any given period. Use of the calculator is free. There is no email address or any personal details required to use the calculator.

How Much is it Worth Into My Hand?

The target audience for the Net Pay Calculator is employees on the front line, at the cold face interacting with customers, in offices, on shop and factory floors. For a multitude of reasons but mainly because of scale many businesses simply do not possess the resources to assist employees with either normal or hypotheical wage queries. For example:

If I took the supervisor job, how much would it be worth to me into my hand?

If I was to work 20 hours overtime how much tax would I pay on it?

How do I know if my pay is calculated correctly?  

Gross Pay and Taxable Pay

When using the application or making queries relating to wages it is important to distinguish between gross pay and taxable pay. Gross pay is the employee’s pay of any kind, including:

Basic pay
Notional pay
Pay before any pension contributions deductions are made

Chapter 3 of the Employers Guide to PAYE details the different types of pay that would be included as Gross Pay. Taxable pay is your gross pay less any contributions you make to a:

Revenue approved pension scheme
Revenue approved Permanent Health Benefit (Income Continuance) scheme
Personal Retirement Savings Account (PRSA)
Retirement Annuity Contract (RAC)

These amounts are deducted from your gross pay before your employer calculates your tax. On the Gross to Net Pay Calculator these are referred to as Non-Taxable Deductions.

How to Complete the Take Home Pay Calculator

You will need (a) your current payslip (b) your most recent previous payslip to the current payslip and (c) your most recent Tax Certificate notification from the Revenue Commissioners.

Select your pay frequency from the drop down menu.

Enter the annual tax credits and standard rate cut-off in the cells provided for these amounts in the Gross Pay to Net Pay Calculator 2020

Enter the Pay period and PRSI Class from your current Payslip

Enter Yes or No for medical card. If you hold a medical card you should tell Revenue to ensure you are on the reduced rate. There are more people in receipt of medical cards since the outbreak of the Covid-19 pandemic. If you hold a medical card you should tell Revenue to ensure you are on the reduced Universal Social Charge rate. If Revenue don't know they cannot pass on the reduced USC rates to your current or next employer.

Enter Non-Taxable deuctions, Taxable Pay,Tax and USC paid to last paydate from our most recent previous payslip to the current payslip

Enter your Taxable Pay, Non-Taxable and other deductions from your current payslip

The grey areas are where the output of the calculations are output

Calculate Take Home Pay (FAQ's)

Is the appication free to use?

Yes. This application is freely available to access and link to from BPPM website.

Has the application been tested?

Yes. The gross pay to net pay calculator has been tested extensively on a couple of payrolls and works perfectly in all but a few cases.

What purposes is the calculator used for?

The calculator is perfect for calculating the amount of PAYE, PRSI and USC due on normal pay or for potential increases to pay such as overtime and bonuses. As a consequence BPPM expects the calculator will also benefit persons in charge of payroll in that it would alleviate the number of queries relating to salaries and wages and assure staff that their payroll system is calculating wages correctly. 

When does the calculator not work?

In cases where people are on Emergency Tax for prolonged periods and in cases where people have changed employments and the employer makes changes to figures in the period being calculated.