**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