Income tax calculator Ghana
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
GH₵ 5,416
Income Tax
- GH₵ 89.54
Social Security
- GH₵ 298
Total tax
- GH₵ 387
Net pay
*
GH₵ 5,029
Marginal tax rate
15.3%
Average tax rate
7.2%
92.8%
Net pay
7.2%
Total tax
Total tax
Net pay
The Taxberg
GH₵ 5,029
Net pay
GH₵ 704
Tax the employer pays
GH₵ 387
Tax you pay
Total tax paid
GH₵ 1,092
Did you know your employer also pays tax on your salary? It costs the employer GH₵ 704 to pay you GH₵ 5,416. In other words, every time you spend GH₵ 10 of your hard-earned money, GH₵ 2.02 goes to the government.
Real tax rate
17.8%
So, with you and the employer both paying tax, what used to be a 7.2% tax rate now rises to 17.8%, meaning your real tax rate is actually 10.6% higher than what it seemed at first.
Summary
If you make GH₵ 5,416 a year living in Ghana, you will be taxed GH₵ 387. That means that your net pay will be GH₵ 5,029 per year, or GH₵ 419 per month. Your average tax rate is 7.2% and your marginal tax rate is 15.3%. 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₵ 15.27, hence, your net pay will only increase by GH₵ 84.73.
Bonus Example
A GH₵ 1,000 bonus will generate an extra GH₵ 847 of net incomes. A GH₵ 5,000 bonus will generate an extra GH₵ 4,237 of net incomes.
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.