UK PAYE Income Calculator Updated for 2012/2013
iCalculator UK PAYE Calculator is updated for the 2012- 2012 tax year. You can calculate your take home pay based of your annual income and include tax deductable elements such as pensions and student loans.
iCalculator also provides historical UK PAYE figures so you can review how much tax you have paid in previous tax years.
See the guide below for specific information on each element that is taken into account when calculating your take home pay.
A Tax Year is... a full year. The Tax Year normally refers to the period running from 6 April to 5 April, so the current Tax year is 6 April 2012 to 5 April 2013.
When you are preparing Tax Returns you are normally completing them for the Previous year, so you will typically prepare your tax returns for 2012/2013 in March 2013.