Q.   Can you please assist me in computing my personal tax liability for basis year 2006.

A.   Computing your personal tax liability for the year in question is quite a simple process if you use the tables below.

You first have to determine which table you fall under, i.e. whether you are:

A single person and therefore using the single rates

A married person and therefore using the married rates

A married person with a working spouse and opting for single rates for both of you and thefore using the single rates.

Once the above has been decided, from the CHARGABLE INCOME column, select the income bracket you fall under and multiply by the tax rate next to that income and subtract the amount indicated in the box next to the tax rate.

The resultant amount should be the amount due by yourself for the year. 

If you are married with a working spouse and opted for separate assessment of your income, use the single rates to compute your own and your spouse's liability independently of each other.

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