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PAYE Tax Calculator
Calculate your PAYE tax deductions and net salary for Trinidad and Tobago
PAYE Calculator
Enter your salary and allowance information
PAYE Information
Key information about PAYE tax in Trinidad and Tobago
PAYE Tax Rates
- • First $84,000: 0% (Personal Allowance)
- • Income above $84,000: 25%
- • Additional allowances may apply for spouse, children, and dependents
NIS Contributions
- • Employee contribution: 2.8% of salary (max $54,000/year)
- • Employer contribution: 4.2% of salary (max $54,000/year)
- • Maximum monthly salary for NIS: $4,500
Available Allowances
- • Personal Allowance: $84,000
- • Spouse Allowance: $84,000 (if spouse earns less)
- • Child Allowance: $9,000 per child under 18
- • Dependent Allowance: $4,500 per qualifying dependent
Common Deductions
- • Life insurance premiums (max $50,000)
- • Mortgage interest payments
- • Medical and education expenses
- • Pension contributions and union dues
Note: This calculator provides estimates based on current tax rates. Consult with your employer or tax advisor for specific situations.
PAYE Quick Reference
Tax Rate: 25% on income above $84,000
Personal Allowance: $84,000 annually
NIS Rate (Employee): 2.8% up to $4,500/month
NIS Rate (Employer): 4.2% up to $4,500/month
Life Insurance Deduction: Max $50,000/year
Important Notes
- • PAYE is deducted automatically by your employer
- • You may still need to file an annual return
- • Keep records of all allowances and deductions
- • TD1 certificates are issued annually by employers
- • Overpaid tax can be refunded through annual filing