This package give you an income tax breakdown based on a yearly salary.
You can install the package via npm or yarn.
npm install tax-calculator-uk
yarn add tax-calculator-uk
You will need to import the package into your project and create an options object with the following options.
import TaxCalculator from "tax-calculator-uk"
const options = {
age: 26,
studentLoanPlan: 1,
blind: false,
pensionPercentage: 5
}
const incomeTax = TaxCalculator(60000, options)
This options reprents the age of the person you are calculating the income tax form.
This option represents the student loan plan of the person you are calculating the income tax for.
0 - No plan
1 - Plan 1
2 - Plan 2
Plan 1
- English and Welsh students who started before 1 September 2012
- all Scottish and Northern Irish students
- You pay back 9% of your income over the minimum amount of £19,895.
Plan 2
- Plan 2 is for English and Welsh students who started on or after 1 September 2012.
- You pay back 9% of your income over the minimum amount of £27,295.
No plan
- No repayments will be made as you have no student loan
This options represents whether or not the person is blind. Extra tax allowances are allocated for blind individuals.
This option represents the percentage of their yearly salary the person is paying into a pension.
Returns a full breakdown of net income and tax deductions
import TaxCalculator from "tax-calculator-uk"
const incomeTax = incomeTax.getTaxBreakdown()
console.log(incomeTax)
Returns
{
"netIncome": {
"yearly": 38108.03,
"monthly": 3175.67,
"weekly": 732.85,
"daily": 104.41
},
"personalAllowance": 12500,
"paye": {
"rate_0": {
"tax": 0,
"carry": 45125
},
"rate_20": {
"tax": 7500,
"carry": 7625
},
"rate_40": {
"tax": 3050,
"carry": 0
},
"rate_45": {
"tax": 0,
"carry": 0
}
},
"nationalInsurance": {
"rate_0": {
"tax": 0
},
"rate_12": {
"tax": 4862.88
},
"rate_2": {
"tax": 199.52
}
},
"studentLoan": {
"plan": "PLAN_1",
"threshold": 17775,
"rate": 0.09,
"repayment": 3800.25
}
}
🚧 The figures are only meant to be used as a rough estimation, happy to accept forks to improve accuracy of figures. 🚧