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Jamaica $ 64,000.00 Tax Calculation

The page provides a salary example for a resident of Jamaica earning $ 64,000.00 per annum. You can alter and edit this tax calculation to suit your personal salary and circumstances using the Jamaica income tax calculator.This salary example is provided for salary comparison, it is not an exact computation of your taxes, please use our free JM Tax Calculators to calculate your income tax due in Jamaica for 2024.

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Jamaica Income Tax Calculations for a Resident on a $ 64,000.00 Salary

The calculations below provide an overview similar to that provided by the Tax Administration Jamaica (TAJ) for an employee earning $ 64,000.00 per year. You will also find additional calculations below this overview which provide exact calculations and thresholds so you can understand how to calculate income tax and payroll deductions in Jamaica.

Resident Annual Salary Calculation 2024-25
Gross Pay$ 64,000.00
+Other Income$ 0.00
=Total Income$ 64,000.00
-Pension Contributions$ 0.00
-NIS$ 1,920.00
=Statuatory Income [ Total Income - Pension Contributions - NIS ]$ 62,080.00
-Education Tax$ 1,396.80
-NHT$ 1,280.00
=Sub Total Deductions [ NIS + NHT + Pension + Education Tax ]$ 4,596.80
+Income Tax Due$ 0.00
=$ 4,596.80
=Net Pay (Take Home Pay) [Total Income - Total Deductions ]$ 59,403.20
Employer Payroll Costs (Employee Earning $ 64,000.00 Per Annum)
+Employer NIS$ 1,920.00
+Employer Education Tax$ 1,920.00
+Employer NHT$ 2,172.80
=Employer Payroll Costs$ 6,012.80
+Employee Salary Costs$ 64,000.00
=Real Cost of Employee$ 70,012.80

Detailed Tax Calculation for $ 64,000.00 Annual Salary

Having provided the overview of tax calculations and how they would appear in an annual payroll review, let's now look at each payroll deduction in turn to see how your take home pay in Jamaica is calculated.

National Insurance Scheme Calculation for Jamaica

The National Insurance Scheme is a compulsory contributory funded social security scheme.

Jamaica: Employee National Insurance Scheme (NIS) Contributions Calculation 2024
$ 16,000.00Salary in 2024 (January to March) (capped at $ 1,250,000.00, a maximum of $ 5,000,000.00 per annum)
x3%Jamaica National Insurance Scheme (NIS) Contribution Rate in 2024

=$ 480.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for January to March


$ 48,000.00Salary in 2024 (April to December) (capped at $ 3,750,000.00, a maximum of $ 5,000,000.00 per annum)
x3%Jamaica National Insurance Scheme (NIS) Contribution Rate in 2024

=$ 1,440.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for April to December


$ 480.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for January to March
+$ 1,440.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for April to December

=$ 1,920.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024

Statutory Income Calculation for Jamaica

Statutory Income the combined income of any person from all sources, remaining after allowing for the appropriate deductions and exemptions given under the Income Tax Act.

Jamaica: Statutory Income Calculation 2024
$ 64,000.00Salary Income in Jamaica in 2024
+$ 0.00Other Income in Jamaica in 2024
-$ 0.00Pension Deductions in Jamaica in 2024
-$ 1,920.00National Insurance Scheme (NIS) in Jamaica in 2024

=$ 62,080.00Statutory Income in Jamaica in 2024

Education Tax Calculation for Jamaica

Education Tax is a compulsory tax scheme which provides the Ministry of Education with the funds necessary to run the Jamaican education system.

Jamaica: Employee Education Tax (ET) Contributions Calculation 2024
$ 15,520.00Statutory Pay in 2024 for January to March ($ 62,080.00 per annum)
x2.25%Jamaica Education Tax (ET) Contribution Rate in 2024

=$ 349.20Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for January to March


$ 46,560.00Statutory Pay in 2024 for April to December ($ 62,080.00 per annum)
x2.25%Jamaica Education Tax (ET) Contribution Rate in 2024

=$ 1,047.60Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for April to December


$ 349.20Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for January to March
+$ 1,047.60Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for April to December

=$ 1,396.80Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024

National Housing Trust Calculation for Jamaica

National Housing Trust tax is a compulsory tax scheme which fund the National Housing Trust who in turn provide low interest home purchase loans, develops housing schemes for sale to contributors and provides low cost financing to private developers.

Jamaica: Employee National Housing Trust (NHT) Contributions Calculation 2024
$ 16,000.00Salary in 2024 for January to March ($ 64,000.00 per annum)
x2%Jamaica National Housing Trust (NHT) Contribution Rate in 2024

=$ 320.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for January to March


$ 48,000.00Salary in 2024 for April to December ($ 64,000.00 per annum)
x2%Jamaica National Housing Trust (NHT) Contribution Rate in 2024

=$ 960.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for April to December


$ 320.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for January to March
+$ 960.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for April to December

=$ 1,280.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024

Employers National Insurance Scheme Calculation for Jamaica

Employers National Insurance Scheme is a compulsory contributory funded social security scheme that your employer has to pay.

Jamaica: Employers National Insurance Scheme (NIS) Contributions Calculation 2024
$ 16,000.00Salary in 2024 (January to March) (capped at $ 1,250,000.00, a maximum of $ 5,000,000.00 per annum)
x3%Jamaica National Insurance Scheme (NIS) Contribution Rate in 2024

=$ 480.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for January to March


$ 48,000.00Salary in 2024 (April to December) (capped at $ 3,750,000.00, a maximum of $ 5,000,000.00 per annum)
x3%Jamaica National Insurance Scheme (NIS) Contribution Rate in 2024

=$ 1,440.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for April to December


$ 480.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for January to March
+$ 1,440.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024 for April to December

=$ 1,920.00Jamaica National Insurance Scheme (NIS) Contributions on $ 64,000.00 in 2024

Employers Education Tax Calculation for Jamaica

Employers Education Tax is a compulsory tax that your employer has to pay.

Jamaica: Employers Education Tax (ET) Contributions Calculation 2024
$ 15,520.00Statutory Pay in 2024 for January to March ($ 62,080.00 per annum)
x3.5%Jamaica Education Tax (ET) Contribution Rate in 2024

=$ 543.20Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for January to March


$ 46,560.00Statutory Pay in 2024 for April to December ($ 62,080.00 per annum)
x3.5%Jamaica Education Tax (ET) Contribution Rate in 2024

=$ 1,629.60Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for April to December


$ 543.20Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for January to March
+$ 1,629.60Jamaica Education Tax (ET) Contributions on $ 64,000.00 in 2024 for April to December

=$ 2,172.80Jamaica Education Tax (ET) Employers Contributions on $ 64,000.00 in 2024

Employers National Housing Trust Calculation for Jamaica

Employers National Housing Trust Tax is a compulsory tax that your employer has to pay.

Jamaica: Employers National Housing Trust (NHT) Contributions Calculation 2024
$ 16,000.00Salary in 2024 for January to March ($ 64,000.00 per annum)
x3%Jamaica National Housing Trust (NHT) Contribution Rate in 2024

=$ 480.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for January to March


$ 48,000.00Salary in 2024 for April to December ($ 64,000.00 per annum)
x3%Jamaica National Housing Trust (NHT) Contribution Rate in 2024

=$ 1,440.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for April to December


$ 480.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for January to March
+$ 1,440.00Jamaica National Housing Trust (NHT) Contributions on $ 64,000.00 in 2024 for April to December

=$ 1,920.00Jamaica National Housing Trust (NHT) Employers Contributions on $ 64,000.00 in 2024

Total Cost of Employee Calculation for Jamaica

The total cost of an employee is the actual annual employee salary plus the sum of additional employer taxes.

Total Cost of Employment in Jamaica for an Employee earning $ 64,000.00 Calculation 2024
$ 64,000.00Employee Salary in Jamaica in 2024
+$ 1,920.00Jamaica National Insurance Scheme (NIS) employers contributions in 2024
+$ 1,920.00Jamaica National Housing Trust (NHT) employers contributions in 2024
+$ 2,172.80Jamaica Education Tax (ET) employers contributions in 2024
+$ 0.00Jamaica Human Employment and Resource Training (HEART) employers contributions in 2024

=$ 70,012.80Employers Total Cost of Employment for an employee in Jamaica on a $ 64,000.00 salary in 2024

iCalculator™ Jamaica Income Tax Salary Calculator updated 2024/25 tax year. Income Tax calculations, NIS and NHT factoring for 2024/25 with historical pay figures on average earnings in Jamaica for each market sector and location. Salary calculations include gross annual income, tax deductible elements such as NHT, NIS, education tax and include age related tax allowances.

You may also find the following salary examples for Jamaica useful:

iCalculator™ JM also provides historical Jamaican earning figures so individual employees and employers can review how much tax has been paid in previous tax years or you can use the salary calculator 2024/25 to see home much your take home salary will be in 2024.