Use our income tax calculator to quickly estimate your taxes and understand your taxable income in the UK.
With a salary of £24,024 for the 2024/2025 tax year, you’ll take home £20,817, keeping 86.7% of your earnings in your pocket. That works out to about £1,735 each month, or £400 per week.
You’ll contribute £2,291 in Income Tax and £916 in National Insurance. It’s always good to know where your money is going!
| Description | Amount (£) |
|---|---|
| Salary / Gross Pay | £24,024.00 |
| Tax Free Allowance | £12,570.00 |
| Total Taxable | £11,454.00 |
| Income Tax / PAYE | £2,290.80 |
| National Insurance | £916.32 |
| Student Loan | £0.00 |
| Total PAYE Deductions | £3,207.12 |
| Net Wage / Take Home Pay | £20,816.88 |
| National Insurance Paid by Employer | £2,059.51 |
| Cost To Employer | £26,083.51 |
Our easy-to-use taxable income calculator provides accurate and fast estimates, helping you plan your finances effectively.
| Frequency | Gross Pay (£) | Deductions (£) | Net Pay (£) |
|---|---|---|---|
| Annually | £24,024.00 | £3,207.12 | £20,816.88 |
| Monthly | £2,002.00 | £267.26 | £1,734.74 |
| Weekly | £462.00 | £61.68 | £400.32 |
| Daily (5 Day Week) | £92.40 | £12.34 | £80.06 |
| Hourly (37.5 Hour Week) | £12.32 | £1.64 | £10.68 |