The following illustrates the income tax calculation for a married individual with one 4-year-old child.
National Municipal
Taxation Taxation
FIM FIM
CALCULATION OF TAXABLE EARNED INCOME
Salary 220,000 220,000
Deductions
Trade union membership fee ( 2,000) ( 2,000)
Travel expenses exceeding FIM 2,000 ( 1,000) ( 1,000)
Standard deduction ( 2,100) ( 2,100)
Child care deductions ( 8,400) ( 10,500)
Employment pension premium and
unemployment pension premium* ( 7,040) ( 7,040)
( 20,540) ( 22,640)
199,460 197,360
CALCULATION OF TAX ON EARNED
