Income Tax Rates 2012 - 2013 in the UK

Income tax rates in the UK for 2012 - 2013 tax period are given below. Initially, you should deduct the income tax allowance so we also provided the allowances for different categories of people.

Income tax rates

2011-12	£ per year	2012-13	£ per year
Starting savings rate: 10%	£0-£2,560	Starting savings rate: 10%	£0-£2,710
Basic rate: 20%	£0-£35,000	Basic rate: 20%	£0-£34,370
Higher rate: 40%	£35,001-£150,000	Higher rate: 40%	£34,371-£150,000
Additional Rate: 50%	Over £150,000	Additional Rate: 50%	Over £150,000

Income Tax allowances:

Allowances	2011-12	Change	2012-13
Personal allowance (age under 65)	£7,475	+630	£8,105
Personal allowance (age 65-74)	£9,940	+560	£10,500
Personal allowance (age 75 and over)	£10,090	+570	£10,660
Married couple's allowance Maximum (age 75 and over)	£7,295	+410	£7,705
Income limit for age-related allowances 65 and over	£24,000	+1,400	£25,400
Blind person’s allowance	£1,980	+120	£2,100

How is your gross salary calculated?

Gross Salary - Tax free Allowances = Total taxable 

Total taxable x Tax rate (% 10, 20, 40 or 50) = Tax paid

Total taxable - Tax paid - NI = Net Salary