PNG INCOME TAX CALCULATOR

DATA FROM IRC 2023 TAX REFORM DOCUMENT

Group 1 Group 2 Group 3 Group 4
900 - 1269 PGK 1269-2692 PGK 2692-9651 PGK 9651-inf PGK
GROUP SALARY (MAX) 32,994 69,992 249,990 499,980
GROUP F/N (MAX) 1269 2692 9615 19230
GROUP F/N (MIN) 900 1269 2692 9615
EXCESS 369 1423 6923 9615
TAX (FIXED) 101 148 645 3,414
TAX MULTIPLIER 0.3 0.35 0.4 0.42

Green cells to be edited as required

SELECT TAX GROUP 2

ENTER BASE SALARY 57,963.10
FORTNITE GROSS 2229.35
GROUP MIN. F/N 1269.00
EXCESS 960.35
TAX (FIXED) 147.62
TAX MULTIPLIER 0.35
TAX (ADDED) 336.12
TAX TOTAL 483.74
TAX % 0.22
NASFUND (x%) 133.76
Emp.Cont (x%) 187.27
FORTNITE NET 1,611.8
NET SALARY 41,908.0

Date: 20.06.24
22799.92 1611.8
734.88

2229.35

3344.025
GROUP GROUP MIN. F/N TAX (FIXED) TAX (MULTIPLIER)
1 900 100.68 0.3
2 1269 147.62 0.35
3 2692 645.38 0.4
4 9615 3414.23 0.42

Group 1 Group 2 Group 3 Group 4

INFORMATION 900 - 1269 PGK 1269-2692 PGK 2692-9651 PGK 9651-inf PGK
GROSS SALARY (MAX) 32994 69992 249990 499980
FORTNIGHT (MAX) 1269 2692 9615 19230
FORTNIGHT (MIN) 900 1269 2692 9615
EXCESS 369 1423 6923 9615
TAX (FIXED) 100.68 147.62 645.38 3414.23
TAX (ADDED) 110.7 498.05 2769.2 4038.3
TAX TOTAL 211.38 645.67 3414.58 7452.53
TAX % 17% 24% 36% 39%
NASFUND (6%) 76.14 161.52 576.9 1153.8
FORTNITE NET 981.48 1884.81 5623.52 10623.67
NET SALARY 25518.48 49005.06 146211.52 276215.42