10k Salary After Tax in Ghana 2023/24

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This Ghana salary after tax example is based on a ¢ 10,000.00 annual salary for the 2023 tax year in Ghana using the income tax rates published in the Ghana tax tables. The 10k salary example provides a breakdown of the amounts earned and illustrates the typical amounts paid each month, week, day and hour. This is particularly useful if you need to set aside part of your income in Ghana for overseas tax payments etc.

The table below provides an overview of your wage deductions that you will typically see on a 10k salary in Ghana. You can find exact calculation which show how each of these salary deductions were calculated using income tax rates in Ghana for 2023

Ghana ¢ 10,000.00 Income Tax Calculations for 2023
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Social Security Contributions550.0045.8342.3121.1510.582.170.305.50%
Taxable Income9,450.00787.50726.92363.46181.7337.355.1994.50%
Income Tax Due605.2550.4446.5623.2811.642.390.336.05%
Total Deductions605.2550.4446.5623.2811.642.390.336.05%
Salary After Tax9,394.75782.90722.67361.34180.6737.135.1693.95%
Employer Social Security Contributions1,300.00108.33100.0050.0025.005.140.7113.00%
Employer Cost of Employment11,300.00941.67869.23434.62217.3144.666.21113.00%

How to calculate income tax in Ghana on ¢ 10,000.00

Income tax in Ghana is calculated using income tax rates and thresholds, these are different for resident taxpayers and non-resident taxpayers. In this Salary Example we use the resident tax tables to produce the Ghana salary example, you can calculate non-resident salary examples on the Ghana Tax Calculator.

Ghana Taxable Income Calculation

In order to calculate the amount of income tax due on ¢ 10,000.00, we first need to calculate the taxable income on ¢ 10,000.00. We do this be calculating specific expenses and allowances, these tax deductible items are then subtracted from the total income (¢ 10,000.00) to produce the taxable income.

Ghana: Taxable Income Calculation 2023
¢ 10,000.00 Annual Income in 2023
-¢ 550.00 Ghana Employees SSNIT Contributions on ¢ 10,000.00 in 2023

=¢ 9,450.00 Your Taxable Income in 2023

Ghana Resident Income Tax Calculation

The table below illustrates how a taxable income of ¢ 9,450.00 is applied against the 2023 Income Tax Rates and Thresholds to produce the total income tax due.

Ghana: Resident Income Tax Calculation 2023
¢ 0.00 - ¢ 4,380.000%¢ 0.00
+¢ 4,380.01 - ¢ 5,700.005%¢ 66.00
+¢ 5,700.01 - ¢ 7,260.0010%¢ 156.00
+¢ 7,260.01 - ¢ 9,450.0017.5%¢ 383.25

=Total Income Tax Due¢ 605.25

Resident Social Security and National Insurance Trust (SSNIT) Calculation

Ghana: Social Security and National Insurance Trust (SSNIT) Employee Contributions Calculation 2023
¢ 10,000.00 Annual Income in 2023
×5.5% Ghana SSNIT Employee rate in 2023

=¢ 550.00 Ghana total calculated SSNIT in 2023
¢ 42,000.00 Ghana Maximimum SSNIT employee contributions in 2023

=¢ 550.00 Ghana Employees SSNIT Contributions on ¢ 10,000.00 in 2023

Total cost of Resident Employee on ¢ 10,000.00 Salary in 2023

Ghana: Total Cost of employment for ¢ 10,000.00 Annual salary in 2023
¢ 10,000.00 Annual Employee Salary in 2023
+¢ 1,300.00 Ghana Employers SSNIT Contributions on ¢ 10,000.00 in 2023

=¢ 11,300.00 Ghana: Total Cost of Emplyee in 2023

About this tax calculation

We used the following information from the Ghana Tax Calculator to work out your salary after tax on your ¢ 10,000.00 Salary in 2023. We made estimates for the amount of expenses incurred for education and medical expenses and also the amount you give to charity. These assumptions are for the salary illustration only, you can edit these and produce your own specific salary example using the Ghana Salary After Tax Calculator

Ghana Salary Example Considerations
Tax assessment year2023
Annual Salary¢ 10,000.00
Your Age30
Number of Children0
Number of Children eligible for dependents deduction0
Number of working days you work per year253
Number of hours you work per week35
Number of weeks worked per year for weekly calculation52

Note: This salary example is for a resident of Ghana, if you are a non-resident, you can produce a salary example using the 2023 Ghana Salary Calculator

Ghana Income Tax Rates and Salary Calculators

You may also find the following income tax rates for Ghana and Ghana tax calculators useful: