By | January 31, 2023

How to Calculate Income Tax in Botswana

What is Income Tax?

An income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them. Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. 

How to Calculate Income Tax in Botswana

Calculate your take home pay in Botswana (that’s your salary after tax), with the Botswana Salary Calculator. A quick and efficient way to compare salaries in Botswana, review income tax deductions for income in Botswana and estimate your tax returns for your Salary in Botswana. The Botswana Tax Calculator is a diverse tool and we may refer to it as the Botswana wage calculator, salary calculator or Botswana salary after tax calculator, it is however the same calculator, there are simply so many features and uses of the tool (Botswana income tax calculator, there is another!) that we refer to the calculator functionally rather than by a specific name, we mention this here to avoid any confusion.

Frequently Asked Questions

What is the income tax rate in Botswana?

Taxable income bracket Tax rate on income in bracket
From BWP To BWP Percent
0 72,000 5.00% over BWP36,000
72,001 108,000 12.50% over BWP72,000
108,001 144,000 18.75% over BWP108,000

What is the formula to calculate tax income?

For Corporate, it is represented as, Taxable Income Formula = Gross Sales – Cost of Goods Sold – Operating Expense – Interest Expense – Tax Deduction/ Credit.

How income tax is calculated with example?

As his taxable income is Rs. 3,77,500, he falls in the slab of 2.5 lakhs – 5 lakhs of income tax. Thus he has to pay 10% of his net income as income tax.


Basic Salary25000 * 12= 3,00,000
DA4500 * 12= 54,000
EA2250 * 12= 27,000
Gross Salary= 3,81,000
Professional Tax3500

What is Botswana income tax rate 2022?

The Personal Income Tax Rate in Botswana stands at 25 percent. source: Botswana Unified Revenue Service.

How is Botswana withholding tax calculated?

The 5%/7.5%/10% rate of WHT is applicable if the beneficial shareholder is a company resident in the DTA country and holds at least 25% of the share capital in the company paying dividends (in relation to United Arab Emirates, at least 10% of the share capital in the company paying dividends).

How much is income tax on salary?

New Income Tax Slabs for Individuals in FY 2022-2023

Income Tax SlabTax Rate
Up to Rs.2.5 lakhNil
From Rs.2,50,001 to Rs.5,00,0005% of the total income that is more than Rs.2.5 lakh + 4% cess
From Rs.5,00,001 to Rs.7,50,00010% of the total income that is more than Rs.5 lakh + 4% cess

How much income tax is deducted from salary?

How to calculate TDS on Salary?

Income Tax SlabTDS DeductionsTax Payable
Up to Rs.2.5 lakhsNILNIL
Rs.2.5 lakhs to Rs.5 lakhs5% of (Rs.5,00,000-Rs.2,50,000)Rs.12,500
Rs.5 lakhs to Rs. 6.33 lakhs20% of (Rs.6,33,000-Rs.5,00,000)Rs.26,600

How do I calculate my tax withholding?

How to check withholding

  1. Use the Tax Withholding Estimator on The Tax Withholding Estimator works for most employees by helping them determine whether they need to give their employer a new Form W-4.
  2. Use the instructions in Publication 505, Tax Withholding and Estimated Tax.

How do you calculate monthly income?

Simply take the total amount of money (salary) you’re paid for the year and divide it by 12. For example, if you’re paid an annual salary of $75,000 per year, the formula shows that your gross income per month is $6,250.

What percentage of taxes are taken out of my paycheck?

Overview of California Taxes

Gross Paycheck$3,146
Federal Income16.20%$510
State Income4.99%$157
Local Income3.28%$103
FICA and State Insurance Taxes7.80%$246

Is monthly income before or after taxes?

On your pay stub, gross income is your total income before taxes and deductions are subtracted. Net income is your take-home pay—or the amount of money left over after deductions and taxes are withheld. Net income deductions can include taxes, employee benefit premiums and wage garnishments.