Jamaican Net Pay Calculator

	A	B	C	E	L	M	N	O	P	Q
1	Net Pay Calculator by @ MsGillyJ
2	www.financialcentsibliity.com		Last update:	15-Mar-24		Enter Your Compulsory Pension Rate	5.0%	(Enter 0 if you do not pay Pension)
3	Fill the yellow fields out					Enter Your Voluntary Pension Rate	7.5%	(Enter 0 if you do not pay Pension)
4	Go To 'File' and 'Download as' to make changes to the sheet
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6				Period:	April 1, 2019	April 1, 2020	April 1, 2021	April 1, 2022	April 1, 2024

7				Gross Emoluments	300,000.00	300,000.00	300,000.00	300,000.00	300,000.00
8				Statutory Income	259,062.50	258,750.00	255,000.00	253,500.00	253,500.00
9				Taxable Income	134,054.50	133,742.00	129,992.00	128,492.00	111,826.00
10				PAYE	33,513.63	33,435.50	32,498.00	32,123.00	27,956.50
11	Enter Your Monthly Gross Salary		300,000.00	Compulsory Pension	15,000.00	15,000.00	15,000.00	15,000.00	15,000.00
12				Voluntary Pension	22,500.00	22,500.00	22,500.00	22,500.00	22,500.00
13	Enter any Other Income		0.00	NHT	6,000.00	6,000.00	6,000.00	6,000.00	6,000.00
14				NIS	3,437.50	3,750.00	7,500.00	9,000.00	9,000.00
15	Enter Any Non-Taxable Income		10,000.00	Ed Tax	5,828.91	5,821.88	5,737.50	5,703.75	5,703.75
16				Loan Deductions	20,000.00	20,000.00	20,000.00	20,000.00	20,000.00	(Enter 0 if you do not pay Loans)
17				Other Deductions	30,000.00	30,000.00	30,000.00	30,000.00	30,000.00	(Enter 0 if you have no other deductions)
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19
20	Gross Income		310,000.00	Gross Deductions	136,280.03	136,507.38	139,235.50	140,326.75	136,160.25
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22				Net Payment	173,719.97	173,492.63	170,764.50	169,673.25	173,839.75
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24				Difference	-227.34	-227.34	-2,728.13	-1,091.25	4,166.50
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26	Notes:
27			Monthly	Annually
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29	Tax Free Threshold	Apr-2024	141,674.00	1,700,088.00
30		Apr-2017	125,008.00	1,500,096.00
31	"	Jul-2016	83,356.00	1,000,272.00
32	"	Jan-2016	49,400.00	592,800.00
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34			EE/ER Rate	Monthly Ceiling
35	NIS Rate	Apr-2022	6.0%	12,500.00
36	"	Apr-2021	6.0%	7,500.00
37	"	Apr-2020	6.0%	3,750.00
38	"	Apr-2019	5.5%	3,437.50
39	"	Before	5.0%	3,125.00
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42	Email: financialcentsibility@gmail.com
43	www.financialcentsibility.com
44	Twitter: @MsGillyJ
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