Bonus tax calculator Ghana
Bonuses get a lower rate than salary, up to a limit. Above the limit, the extra is taxed like the rest of your income.
How it's calculated
- Total bonuses in the year up to 15% of your annual basic salary are taxed at 5%.
- The excess is added to your employment income and taxed at the graduated rates.
An example
With a basic salary of GH₵60,000 and a bonus of GH₵12,000, GH₵9,000 pays 5% and the other GH₵3,000 pays 25%: GH₵1,200 in total.
Frequently asked questions
How is a bonus taxed in Ghana?
Total bonus payments in a year are taxed at 5% up to 15% of the employee's annual basic salary. The excess is added to employment income and taxed at the graduated rates.
Is it different for non-residents?
Yes. For a non-resident employee, tax on bonus or overtime is 20%.
Is overtime treated like a bonus?
No. Overtime has its own rates and, unlike a bonus, is not added to basic salary.
Key terms
- Basic salary
- Salary before allowances and benefits.
Up-to-date official data
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