Withholding Tax Calculator
This Withholding Tax Calculator helps you estimate how much tax is deducted from your payments or salary at source. Enter the total amount and applicable withholding tax rate to calculate the net payment and tax withheld.
Frequently Asked Questions
What is withholding tax?
Withholding tax is the amount deducted from income or payments at the source, usually by the payer, to cover tax obligations.
When is withholding tax applied?
It’s commonly applied to employee wages, contractor payments, dividends, interest, and royalties.
How do I calculate withholding tax?
Multiply the gross amount by the withholding tax rate. Subtract the result from the gross amount to get the net payment.
Can withholding tax be refunded?
In some cases, yes. Overpaid withholding tax can be claimed back during annual tax filings or returns.
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