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Benin CFA 23,000,000.00 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 23,000,000.00 Salary Example

On this page you will find a detailed salary example for an employee earning CFA 23,000,000.00 per annum in Benin. Note that this is a generic salary example for CFA 23,000,000.00 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 23,000,000.00 Resident Income Tax Calculations for 2023
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%
IncomeCFA 23,000,000.00CFA 1,916,666.67CFA 1,769,230.77CFA 884,615.38CFA 442,307.69CFA 88,461.54CFA 11,057.69100.00%
Taxable IncomeCFA 23,000,000.00CFA 1,916,666.67CFA 1,769,230.77CFA 884,615.38CFA 442,307.69CFA 88,461.54CFA 11,057.69100.00%
Income Tax DueCFA 9,464,999.99CFA 788,750.00CFA 728,076.92CFA 364,038.46CFA 182,019.23CFA 36,403.85CFA 4,550.4841.15%
Total DeductionsCFA 9,464,999.99CFA 788,750.00CFA 728,076.92CFA 364,038.46CFA 182,019.23CFA 36,403.85CFA 4,550.4841.15%
Salary After TaxCFA 13,535,000.01CFA 1,127,916.67CFA 1,041,153.85CFA 520,576.92CFA 260,288.46CFA 52,057.69CFA 6,507.2158.85%
Benin: Resident Taxable Income Calculations for 2023
CFA 23,000,000.00Annual Income in 2023
=CFA 23,000,000.00Your 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
+CFA 2,000,000.01 - CFA 3,500,000.0030%CFA 450,000.00
+CFA 3,500,000.01 - CFA 5,500,000.0040%CFA 800,000.00
+CFA 5,500,000.01 and over45%CFA 7,875,000.00
=Total Income Tax DueCFA 9,464,999.99

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 23,000,000.00 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 23,000,000.00 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 23,000,000.00 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