iCalculator™ FlexiTax Calculator: Introduction and Instructions

This page explores the iCalculator™ FlexiTax Calculator application which is part of our extensive range of Free Payroll, Salary, and Tax calculators designed to assist you in understanding and planning your financial landscape. The FlexiTax Calculator is tailored to meet the unique tax computation needs for specific country residents and expatriates, with computations for the current and historical tax years in line with country specific tax administrations.

Key Features of iCalculator™ FlexiTax Calculator

1. Flexibility in selecting the number of payments you receive in a given period, accommodating diverse payroll scenarios.
2. Options to set your residency status for tax purposes in the country where you are calculating income tax and payroll deductions for.
3. Advanced settings for work hours, days, income, expenses, and family situations.
4. Automated integration of relevant tax credits and personal income tax allowances in line with the countrys tax administration office legislation.
5. This calculator is free to use, with options for feedback and social media sharing.

How to Use iCalculator™ FlexiTax

If you are familiar with the user-friendly interface of iCalculator™, you will find FlexiTax very easy to navigate. Here’s a quick guide:

1. Number of Payroll Payments Per Year: Specify the number of payments you will receive in a specific period. The default period is annual, but you can customize it.
2. Annual Salary: Input your salary before tax.
3. Resident Status: Set your tax resident status, which impacts non-refundable tax credits and income tax allowances.

And there you have it! Just follow these simple steps to calculate your income tax and payroll deductions for any country in the world, a great tool for expats comparing salaries between different countries worldwide. Want more features? Select the Advanced option.

Advanced Features

1. Tax Assessment Year: The default is the current tax year, but you can modify this.
2. Your Age: Used for age-related tax credits and allowances.
3. Number of Children and Dependents: For specific dependents-related tax credits and allowances.
4. Working Days and Hours: Used for average earnings calculations.

Example FlexiTax Calculators

For your convenience, we offer a range of FlexiTax Calculators for all countries worldwide for various tax years, you can see an example of some of the FlexiTax calculators below, to access a country not listed below, go to the iCalculator™ Global Tax page then navigate by continent to the country of your choice (or use the main menu on this page).:

By using iCalculator™ FlexiTax, you not only get precise tax calculations but also a better understanding of how the tax systems in diffent countries works. Whether you are a resident, an expatriate, or a company planning on recruiting overseas, FlexiTax is designed to make your life easier.

What Does FlexiTax Mean?

When it comes to choosing a name for a tax calculator that allows for flexible payment schedules, we felt it was crucial to select a name that is both descriptive and catchy. The name should immediately give our users an idea of what the calculator does, while also being memorable.

The Birth of FlexiTax

After a number of discussions and dead ends we decided on Flexitax and here is why:

The name FlexiTax encapsulates the flexible nature of the calculator while emphasizing its core function, which is to handle tax calculations. The prefix "Flexi-" indicates flexibility in terms of the number of payments per year, while the suffix "-Tax" makes it clear that the tool is intended for tax calculations.