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Calculating PRSI and PS pension levy

Yorky · 2010-01-22 23:09:36

Does anyone know how to definitively manually calculate the PRSI and pension levy payable on a public sector salary? For PRSI calculation purposes, which of the following should be deducted from the gross salary: Income levy, Pension levy, Superannuation and Widows and Orphans? For the pension levy, which should be…

22-01-2010 11:09pm

#1

Yorky

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Does anyone know how to definitively manually calculate the PRSI and pension levy payable on a public sector salary?

For PRSI calculation purposes, which of the following should be deducted from the gross salary:

Income levy, Pension levy, Superannuation and Widows and Orphans?

For the pension levy, which should be deducted? How do you allow for tax relief on this also?

I know the rates - First 15k @3%, next 5k at 6% and balance at 10% but how do you actually allow for tax relief and calculate the amount payable each pay period?

Thanks in advance.

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