Income tax calculator Ghana

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
GH₵ 20,962
Income Tax
- GH₵ 2,418
Social Security
- GH₵ 1,153
Total tax
- GH₵ 3,571
Net pay
* GH₵ 17,391
Marginal tax rate
22.0%
Average tax rate
17.0%
83.0%
Net pay
17.0%
Total tax
Total tax
Net pay
The Taxberg
GH₵ 17,391
Net pay
GH₵ 2,725
Tax the employer pays
GH₵ 3,571
Tax you pay
Total tax paid
GH₵ 6,296
Did you know your employer also pays tax on your salary? It costs the employer GH₵ 2,725 to pay you GH₵ 20,962. In other words, every time you spend GH₵ 10 of your hard-earned money, GH₵ 3 goes to the government.
Real tax rate
26.6%
So, with you and the employer both paying tax, what used to be a 17% tax rate now rises to 26.6%, meaning your real tax rate is actually 9.6% higher than what it seemed at first.
People also ask
GH₵ 20,962 yearly is how much per hour?
GH₵ 10.08 hourly is how much per year?
Summary
If you make GH₵ 20,962 a year living in Ghana, you will be taxed GH₵ 3,571. That means that your net pay will be GH₵ 17,391 per year, or GH₵ 1,449 per month. Your average tax rate is 17.0% and your marginal tax rate is 22.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of GH₵ 100 in your salary will be taxed GH₵ 22.04, hence, your net pay will only increase by GH₵ 77.96.
Bonus Example
A GH₵ 1,000 bonus will generate an extra GH₵ 780 of net incomes. A GH₵ 5,000 bonus will generate an extra GH₵ 3,898 of net incomes.
Tax per income
GH₵ 25,000
GH₵ 30,000
GH₵ 35,000
GH₵ 40,000
GH₵ 45,000
GH₵ 50,000
GH₵ 55,000
GH₵ 60,000
GH₵ 65,000
GH₵ 70,000
GH₵ 75,000
GH₵ 80,000
GH₵ 85,000
GH₵ 90,000
GH₵ 95,000
GH₵ 100,000
GH₵ 105,000
GH₵ 110,000
GH₵ 115,000
GH₵ 120,000
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
GHS 20962
0.0%
1
Germany
GHS 20962
0.0%
2
Austria
GHS 20962
0.0%
3
Ireland
GHS 20962
0.0%
4
Norway
GHS 20962
0.0%
5
Sweden
GHS 20954
0.0%
6
Spain
GHS 19631
6.4%
7
Switzerland
GHS 19091
8.9%
8
Italy
GHS 19036
9.2%
9
France
GHS 18929
9.7%
10
Czech Republic
GHS 18656
11.0%
11
Luxembourg
GHS 18646
11.1%
12
Russia
GHS 18237
13.0%
13
Hungary
GHS 17084
18.5%
14
Ukraine
GHS 16874
19.5%
15
Poland
GHS 16460
21.5%
16
Greece
GHS 16382
21.9%
17
Portugal
GHS 15606
25.6%
18
Finland
GHS 14516
30.8%
19
Belgium
GHS 14254
32.0%
20
Netherlands
GHS 13189
37.1%
21
Denmark
GHS 13112
37.5%
22
Romania
GHS 12263
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
GHS 19687
6.1%
1
USA
GHS 19147
8.7%
2
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
GHS 20962
0.0%
1
United Arab Emirates
GHS 19914
5.0%
2
Qatar
GHS 19914
5.0%
3
Bahrain
GHS 19285
8.0%
4
Oman
GHS 19285
8.0%
5
Kuwait
GHS 18656
11.0%
6
Israel
GHS 18205
13.2%
7
Lebanon
GHS 18008
14.1%
8
Egypt
GHS 17463
16.7%
9
Turkey
GHS 17372
17.1%
10
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NOTE* Withholding is calculated based on the tables of Ghana, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.