How To Calculate Tax In UK? Tax System Explained In English🤔 How Much Salary Will Remain In Hand? 🇬🇧

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  • Опубліковано 12 вер 2024

КОМЕНТАРІ • 25

  • @aadilblackhawk
    @aadilblackhawk Рік тому

    Thank you Ritwik for this video.If possible, please create a video on how to file taxes in UK like the way we file ITR in India.

  • @somyabisaria3274
    @somyabisaria3274 4 місяці тому

    Hi , I am an international student in UK. I was creating my HMRC account using my details. While confirming the identity it is giving me 3 options -
    UK Passport, UK DL, credit reference quotation. But I don't have either, if i tick on " I don't have these 2 options" then it is saying, we can't identify your identity.
    I want to inform HMRC about my last employer that i have left and have received P45. I am having immense amount of deduction from pay 😞

  • @anugauravanu
    @anugauravanu Рік тому

    Hey Ritwik, Thanks for this wonderful video. Now me & Manya are pretty clear what her take home will be ;-)

    • @Dream_UK
      @Dream_UK  Рік тому

      Glad to hear that!

    • @500BHP
      @500BHP Рік тому

      Take home will be affected after few weeks as employor will enroll an employee on a suitable pension scheme where employee will contribute some amount towards their pension and employer too contributes some amount but this will be deducted on top of NI AND PAYE.

  • @SanketSavani
    @SanketSavani Рік тому

    Nice video. But if you can add tax codes it would be better for those who have different tax codes and how to change them to basic tax code.

    • @Dream_UK
      @Dream_UK  Рік тому

      Thanks Sanket! I haven't experienced that so far so did not talk about it in the video. But I'll try to cover this bit moving forward

  • @abhaypuri298
    @abhaypuri298 Рік тому

    Hello Ritwik, Keep uploading such helpful videos ! I also wanted to know, can international students get PSW if they apply for a part time course in a university in the UK? please let me know , I am not clear about this.

  • @hardevrajkashyap7592
    @hardevrajkashyap7592 Рік тому

    Thanks dearest for sharing this useful information.

    • @Dream_UK
      @Dream_UK  Рік тому

      Thank you Nana Ji 🙏

  • @asikrayhananik945
    @asikrayhananik945 Рік тому

    I Am an international student, May 2022 to March 31 my yearly income was 12200.So From next month am I eligible to pay tax?

  • @anudas2037
    @anudas2037 Рік тому

    How much time does the university take to issue a deposit confirmation receipt as my counselor hasn't provided me the receipt yet and i made a payment to them on 13th feb... Kindly help

  • @meryasial7867
    @meryasial7867 Рік тому

    hi sir I got 6 in 3 ielts modules but in reading I got just 5 now I want to search pre master admission. is it possible?? and in which university you will suggest to me please guide me I am very depressed about it ??

  • @musicindustry6105
    @musicindustry6105 Рік тому

    Is this annual tax or monthly???

  • @adityaladia2777
    @adityaladia2777 Рік тому

    What is income calculated period. Is it a calendar period or Financial period

    • @500BHP
      @500BHP Рік тому

      Income is calculated on the basis of financial year. How much tax free allowance you have depends on your tax code. Tax code 1257L means tax free income of £12570. L is replaced by 0

  • @shawonthecooltraveller4230
    @shawonthecooltraveller4230 Рік тому

    Hi bro. Sorry for comment here. As you deleted your extra PSW application in that Video. Is it any problem? Or that's ok to delete extra one?
    Please let me know

  • @chintanvyas12395
    @chintanvyas12395 Рік тому

    Just wanted to ask one thing bro much appreciated if answered.
    I am student and isn't getting 20h from single employer so can I complete 20h working at 2 different employers using NI number ?

    • @500BHP
      @500BHP Рік тому

      This should not be a problem but make sure you are on the right tax code. Otherwise you will end up paying more tax /NI.
      HMRC may put you on BR tax code for one job and 1257L for the other one. As long as your combined earning from 2 jobs is under £12570 then you should not be paying any tax.

  • @pratikkheni1634
    @pratikkheni1634 Рік тому

    Does NI tax we can get back ?

    • @500BHP
      @500BHP Рік тому

      Why would you want it back? No you don't get it back. You only get back any overpaid tax.

  • @pranavagarwal5722
    @pranavagarwal5722 Рік тому

    Tax 😢

  • @gujjugeek2478
    @gujjugeek2478 Рік тому

    bhai whatsapp p group banao for community group chhoti help mil sakti hai or apke upcoming video pe link please add kro taki ham join kar sake bhai