Take-Home Pay Calculator

Below is an example form that utilises Merit Core API to provide a take-home pay demonstration.

Please enter your demo API key below and click save to use this demo:
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Income Details

Settings

Breakdown

  • Income
    Hours x Rate
    {{umbrella.response.income.toFixed(2)}}
  • - Margin
    Charge for using service
    {{umbrella.response.fee.toFixed(2)}}
  • - Retained Holiday
    Holiday retained to be paid later
    {{umbrella.response.retainedHolPay.toFixed(2)}}
  • - Costs
    Employer's NI {{umbrella.response.ersNI.toFixed(2)}} · Employer's Pension {{umbrella.response.ersPension.toFixed(2)}} · Apprenticeship Levy {{umbrella.response.appLevy.toFixed(2)}}
    {{(umbrella.response.ersNI + umbrella.response.ersPension + umbrella.response.appLevy).toFixed(2)}}
  • Gross Pay
    Taxable Pay {{umbrella.response.taxable.toFixed(2)}} · Expenses {{umbrella.response.expenses.toFixed(2)}}
    {{(umbrella.response.taxable + umbrella.response.expenses).toFixed(2)}}
  • - Deductions
    Tax {{umbrella.response.tax.toFixed(2)}} · Employee's NI {{umbrella.response.eesNI.toFixed(2)}} · Employee's Pension {{umbrella.response.eesPension.toFixed(2)}} Student Loan {{umbrella.response.studentLoan.toFixed(2)}} Post Graduate Loan {{umbrella.response.postGraduateLoan.toFixed(2)}}
    {{(umbrella.response.tax + umbrella.response.eesNI + umbrella.response.eesPension + umbrella.response.studentLoan + umbrella.response.postGraduateLoan).toFixed(2)}}
  • Net Pay
    Take-Home Pay
    {{umbrella.response.payable.toFixed(2)}}

Income Details

Settings

Breakdown

  • Income
    Total income
    {{psc.response.income.toFixed(2)}}
  • - Deductions
    Tax {{psc.response.tax.toFixed(2)}} · Employee's NI {{psc.response.eesNI.toFixed(2)}}
    {{(psc.response.tax + psc.response.eesNI).toFixed(2)}}
  • - Costs
    Employer's NI {{psc.response.ersNI.toFixed(2)}}
    {{psc.response.ersNI.toFixed(2)}}
  • - Fee
    Charge for using service
    {{psc.response.fee.toFixed(2)}}
  • - Corporation Tax
    Calculated on profit of {{psc.response.profit.toFixed(2)}}
    {{psc.response.corporationTax.toFixed(2)}}
  • Net Pay
    Take-Home Pay
    Net Salary {{psc.response.netSalary.toFixed(2)}} · Expenses {{psc.response.expenses.toFixed(2)}} · Dividend {{psc.response.dividend.toFixed(2)}}
    {{psc.response.payable.toFixed(2)}}

Pay Details

Settings

Breakdown

  • Gross Pay
    Hours x Rate
    {{paye.response.grossPay.toFixed(2)}}
  • - Deductions
    Tax {{paye.response.tax.toFixed(2)}} · Employee's NI {{paye.response.eesNI.toFixed(2)}} · Employee's Pension {{paye.response.eesPension.toFixed(2)}} Student Loan {{paye.response.studentLoan.toFixed(2)}} Post Graduate Loan {{paye.response.postGraduateLoan.toFixed(2)}}
    {{(paye.response.tax + paye.response.eesNI + paye.response.eesPension + paye.response.studentLoan + paye.response.postGraduateLoan).toFixed(2)}}
  • Net Pay
    Take-Home Pay
    {{paye.response.payable.toFixed(2)}}
  • Costs
    Employer's NI {{paye.response.ersNI.toFixed(2)}} · Employer's Pension {{paye.response.ersPension.toFixed(2)}} · Apprenticeship Levy {{paye.response.appLevy.toFixed(2)}} · Holiday Pay {{paye.response.accruedHolPay.toFixed(2)}}
    {{(paye.response.ersNI + paye.response.ersPension + paye.response.appLevy + paye.response.accruedHolPay).toFixed(2)}}