Bonus and overtime tax calculator
Bonuses and overtime have their own tax rules in Ghana. Enter the salary, bonus and overtime to see the tax and what the employee keeps.
Tax on the bonus and overtime
GHS 125.00
The employee keeps GHS 2,375.00 of it
Bonus
Overtime
Uses the same rules as SyncBooks payroll. The bonus rule applies to all employees; the overtime rates only to qualifying junior staff.
Common questions
How is a bonus taxed in Ghana?
A bonus up to 15% of the employee's annual basic salary is taxed at a final 5%. Anything above that is added to the month's pay and taxed at the normal PAYE rates.
Who gets the lower overtime rates?
Qualifying junior employees earning up to GHS 18,000 a year. Their overtime up to half of their monthly basic salary is taxed at 5%, and the rest at 10%. Other employees' overtime is taxed as normal pay.
Let payroll apply the rules for you
SyncBooks applies the bonus and overtime rules automatically when you run payroll.
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