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Benin CFA 2,000,000.00 Salary Example for the 2023 Tax Year

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Published on: 2023-04-19 10:46:30

Last modified: 2023-04-25 13:35:43

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Reference(s) Benin Ministry of Economy and Finance

Tax tables last updated: 2023-04-19 09:12:03

Currency West African CFA franc [ XOF ] [ CFA ]

Introduction: Benin 2023, CFA 2,000,000.00 Salary Example

On this page you will find a detailed salary example for an employee earning CFA 2,000,000.00 per annum in Benin. Note that this is a generic salary example for CFA 2,000,000.00 which uses standard setting from the Benin Income Tax Calculator, a tool that you should use if you wish to calculate the exact payroll deductions for a salary based on your own specific circumstances. The standard setting for this example:

  1. Use the Benin resident tax tables.
  2. Assume the employee is single and has no children or dependents.
  3. Assume the employee does not have any special tax arrangements (including tax credits/deficits from current/prior tax years which will influence income tax and payroll deduction calculations).

Income Tax and Payroll Calculations for a Resident of Benin filing a tax return in 2023

The following table provides an overview for a of the payroll deductions types, the amount paid at different payment cycles and the figures as a percentage of gross income for a Resident filing an income tax return in Benin for the 2023 tax year.

Benin CFA 2,000,000.00 Resident Income Tax Calculations for 2023
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%
IncomeCFA 2,000,000.00CFA 166,666.67CFA 153,846.15CFA 76,923.08CFA 38,461.54CFA 7,692.31CFA 961.54100.00%
Taxable IncomeCFA 2,000,000.00CFA 166,666.67CFA 153,846.15CFA 76,923.08CFA 38,461.54CFA 7,692.31CFA 961.54100.00%
Income Tax DueCFA 340,000.00CFA 28,333.33CFA 26,153.85CFA 13,076.92CFA 6,538.46CFA 1,307.69CFA 163.4617.00%
Total DeductionsCFA 340,000.00CFA 28,333.33CFA 26,153.85CFA 13,076.92CFA 6,538.46CFA 1,307.69CFA 163.4617.00%
Salary After TaxCFA 1,660,000.00CFA 138,333.33CFA 127,692.31CFA 63,846.15CFA 31,923.08CFA 6,384.62CFA 798.0883.00%
Benin: Resident Taxable Income Calculations for 2023
CFA 2,000,000.00Annual Income in 2023
=CFA 2,000,000.00Your Taxable Income in 2023
Benin: Resident Income Tax Calculation 2023
Taxable Income ThresholdTax RateTax
CFA 0.00 - CFA 300,000.000%CFA 0.00
+CFA 300,000.01 - CFA 2,000,000.0020%CFA 340,000.00
=Total Income Tax DueCFA 340,000.00

Benin Tax Years supported by the Tax Calculator

The following tax years for Benin are supported by the Tax Calculator, please click on an alternate year to see the CFA 2,000,000.00 take home calculation for that year including full payroll deductions and caluclations.

  1. 2023
  2. 2022
  3. 2021
  4. 2020
  5. 2019

Benin Personal Income Tax (PIT) Tables

The CFA 2,000,000.00 salary example features PIT calculations based on the 2023 tax tables for Benin, these includes the tax rates and thresholds shown below. The payroll caluclations made using these tax tables provide the CFA 2,000,000.00 after tax calculation shown within the salary example..

Benin Resident Income Tax Rates and Thresholds in 2023
Tax RateTaxable Income Threshold
0%CFA 0.000.00to CFA 300,000.00
20%CFA 300,000.01 to CFA 2,000,000.00
30%CFA 2,000,000.01 to CFA 3,500,000.00
40%CFA 3,500,000.01 to CFA 5,500,000.00
45%CFA 5,500,000.01 and above
Benin Non-resident Income Tax Rates and Thresholds in 2023
Tax RateTaxable Income Threshold
0%CFA 0.000.00to CFA 300,000.00
20%CFA 300,000.01 to CFA 2,000,000.00
30%CFA 2,000,000.01 to CFA 3,500,000.00
40%CFA 3,500,000.01 to CFA 5,500,000.00
45%CFA 5,500,000.01 and above