Dr SHAH REZAUL KARIM
UTR: 1368798605
| Tax calculation for 2024-25 (year ended 5 April 2025) | Tax calculation for 2024-25 (year ended 5 April 2025) | |
|---|---|---|
| Income received (before tax taken off) | ||
| Profit from self-employment £35,452 Profit from UK land and property £6,815 |
||
| Total income received | £42,267 | |
| minus Personal Allowance | £12,570 | |
| Total income on which tax is due | £29,697 | |
| How I have worked out your Income Tax | ||
| Your basic rate limit has been increased by £5,875 to £43,575 for Gift Aid payments. This reduces the amount of income charged to higher rates of tax. Pay, pensions, profit etc. (UK rate for England and Northern Ireland) Basic rate Total income on which tax has been charged |
£29,697x 20% = £29,697 |
£5,939.40 |
| Income Tax charged after allowances and reliefs | ||
| £5,939.40 | ||
| minus Relief for finance costs | £4,221x 20% = | £844.20 |
| Income Tax due after tax reductions | ||
| £5,095.20 | ||
| plus Class 4 National Insurance contributions £22,882 x 6% =£1,372.92 If you’ve registered for Class 2 NICs, your contributions have been treated as paid. If you’re not registered for Class 2 NICs you must register now, go to www.gov.uk/register-for-self- assessment/self-employed Your Class 2 National Insurance contributions due are £0.00 |
||
| Income Tax due | ||
| £6,468.12 |
08/05/2025 12:51:28