WebThe Ethiopian Taxation system has two major categories: direct and indirect taxes. All tax types in the Ethiopian tax system are described and explained as follows. Direct Taxes These are one type of taxes a company or individual pays directly to the government. The following are the tax categories under the income tax proclamation No. 979/2016. WebTo calculate the take-home salary, you must enter the Cost To Company (CTC) and the bonus, if any, as a fixed amount or a percentage of the CTC. For example, your Cost To Company (CTC) is Rs 8 lakh. The employer gives you a bonus of Rs 50,000 for the financial year. Then your total gross salary is Rs 8,00,000 – Rs 50,000 = Rs 7,50,000 (the ...
Private Organization Employees Pension in Ethiopia - 2merkato
WebOct 17, 2011 · The contributions payable to the Private Organizations Pension Fund is, based on the salary (gross salary earned during normal working hours) of the employee of the private organization, 11 % by the employer and 7 % by the employee, a total of 18%. In a transitory provision (Article 57 of the Proclamation), the total contribution is raised step ... WebHow to calculate your salary after tax in Ethiopia. Follow these simple steps to calculate your salary after tax in Ethiopia using the Ethiopia Salary Calculator 2024 which is … christina arnold memphis tn
Ethiopia Average Salary Survey 2024
WebMar 9, 2009 · The maximum Per Diem allowance - exempted from income tax - paid to an employee per month is 2,200 Birr and should not exceed 1/4th or 25% of the employee's monthly salary. Transport expense incurred while an employee is on travel for work related purposes should be based on documents/evidences and should be in line with (should not … Web25%. ETB 93,601 - 130,800. 30%. Above ETB 130,800. 35%. Rental income. 35%. Allowable Deductions and Tax Credits. A deduction between ETB 60 and 1,500 of the taxable amount is applied, according to the total income of the taxpayer. http://www.mor.gov.et/web/mor/income-tax-calculator christina asian street