Tax calculation in Ghana
Tax calculation in Ghana The table below details the new monthly income tax bands and rates generally applicable to the chargeable income of resident individuals: Year 2021 Chargeable Income GH¢ Rate % Tax Payable GH¢ Cumulative Income GH¢ Cumulative Tax GH¢ First 319 0 0 319 0 Next 100 5 5 419 5 Next 120 10 12 539 17 Next 3 000.00 17.5 525 3 539.00 542 Next 16 461.00 25 4 115.25 20 000.00 4 657.25 Exceeding 20 000.00 30 The chargeable income of non-resident individuals is generally taxed at a flat rate of 25%...