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income tax

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inafix | 19:51 Thu 11th Dec 2008 | Personal Finance
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Hi guys,I pay 20% tax and I have just been paid a small bonus of �342,what would the tax be on this.I earn just over �300 per week. many thanks.
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Avatar Image buildersmate
You will lose just over �100 of this from both tax (20%) and NI (just over 10%)
20:19 Thu 11th Dec 2008
Avatar Image Skyline D
The additional tax on it would be �68.40 and as buildersmate says, employee's NIC at 11% would be payable of �37.62.

Net additional pay if it is exactly �342 would be �235.98
20:53 Thu 11th Dec 2008

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