Income tax calculator Trinidad and Tobago

Check how much income tax you owe for the year, or whether you are due a refund when you file your return.

It uses the allowance, deductions and rates published by the Inland Revenue Division (IRD).

How it's calculated

Start with your total income for the year.
Take off the personal allowance of TT$90,000.
Take off 70% of the NIS you paid plus your pension and annuity contributions. Together they are capped at TT$60,000.
Take off any other deductions you can claim. What is left is your chargeable income.
Chargeable income up to TT$1,000,000 pays 25%. Anything above pays 30%.

An example

With TT$240,000 of income and TT$8,814 of NIS, the deduction is TT$6,169.80 and chargeable income is TT$143,830.20. The tax is TT$35,957.55.

Frequently asked questions

What is the personal allowance in Trinidad and Tobago?

It is TT$90,000 a year for every resident individual. You pay no income tax on that part of your income.

Can I deduct my NIS contributions?

Yes, 70% of what you paid. It shares one limit of TT$60,000 with approved pension plans, deferred annuities and provident funds.

When does the higher rate apply?

Only on chargeable income above TT$1,000,000. The first TT$1,000,000 is always taxed at 25%.

What other deductions can I claim?

The IRD allows tertiary education expenses, the first acquisition of a house for five years, alimony paid under a court order and some deeds of covenant. Each has its own limit and documents.

Key terms

Chargeable income: Your income after the personal allowance and deductions. The tax rates apply to this amount.
Personal allowance: The part of your yearly income that is free of income tax.
TD4: The certificate your employer gives you each year with your pay and the tax deducted.