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Benin CFA 38,000,000.00 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 38,000,000.00 Salary Example

On this page you will find a detailed salary example for an employee earning CFA 38,000,000.00 per annum in Benin. Note that this is a generic salary example for CFA 38,000,000.00 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 38,000,000.00 Resident Income Tax Calculations for 2023
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%
IncomeCFA 38,000,000.00CFA 3,166,666.67CFA 2,923,076.92CFA 1,461,538.46CFA 730,769.23CFA 146,153.85CFA 18,269.23100.00%
Taxable IncomeCFA 38,000,000.00CFA 3,166,666.67CFA 2,923,076.92CFA 1,461,538.46CFA 730,769.23CFA 146,153.85CFA 18,269.23100.00%
Income Tax DueCFA 16,214,999.99CFA 1,351,250.00CFA 1,247,307.69CFA 623,653.85CFA 311,826.92CFA 62,365.38CFA 7,795.6742.67%
Total DeductionsCFA 16,214,999.99CFA 1,351,250.00CFA 1,247,307.69CFA 623,653.85CFA 311,826.92CFA 62,365.38CFA 7,795.6742.67%
Salary After TaxCFA 21,785,000.01CFA 1,815,416.67CFA 1,675,769.23CFA 837,884.62CFA 418,942.31CFA 83,788.46CFA 10,473.5657.33%
Benin: Resident Taxable Income Calculations for 2023
CFA 38,000,000.00Annual Income in 2023
=CFA 38,000,000.00Your 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 14,625,000.00
=Total Income Tax DueCFA 16,214,999.99

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 38,000,000.00 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 38,000,000.00 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 38,000,000.00 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