Grenada Salary PAYE Tax & NIS Calculator
Compute precise employee net pay and employer payroll liabilities under Grenada Inland Revenue Division (IRD) guidelines. Features statutory EC$ 3,000/mo tax-free threshold, 10% / 28% progressive brackets, and 5% NIS social security.
Salary & Compensation Settings
PAYE Tax & NIS Deduction Schedule
| Statutory Bracket / Tier | Threshold (Monthly) | Tax Rate | Taxable Base | Tax Withheld (EC$) |
|---|---|---|---|---|
| Total Monthly PAYE Tax Liability | EC$ 200.00 | |||
Monthly vs Annual Payroll Summary
| Component | Monthly (EC$) | Annualized (EC$) | Effective % of Gross |
|---|
Grenada Statutory Payroll & Tax Mechanics
Grenada payroll is administered jointly by the Inland Revenue Division (IRD) under the Income Tax Act (Cap. 149) and the National Insurance Scheme (NIS) under Cap. 205:
- Statutory Tax-Free Allowance: Individual employees are entitled to an annual standard deduction of EC$ 36,000 (EC$ 3,000 per month). Income up to this threshold is entirely exempt from PAYE withholding.
- 10% Bracket: Taxable income between EC$ 36,001 and EC$ 60,000 annually (the next EC$ 2,000 monthly between EC$ 3,000 and EC$ 5,000) is taxed at 10.0%.
- 28% Top Marginal Bracket: Taxable income exceeding EC$ 60,000 annually (in excess of EC$ 5,000 monthly) is taxed at 28.0%.
- National Insurance (NIS): Both employees and employers contribute 5.0% each on gross insurable earnings. The statutory maximum insurable ceiling is fixed at EC$ 5,000 monthly (EC$ 60,000 annually), yielding a maximum monthly employee deduction of EC$ 250.00.
Frequently Asked Questions
What is the personal income tax threshold in Grenada?
Under the Grenada Income Tax Act, every resident individual benefits from an annual personal allowance of EC$ 36,000 (EC$ 3,000 per month), which is completely tax-free.
What are the PAYE tax brackets in Grenada?
The first EC$ 36,000 is taxed at 0%. Income between EC$ 36,001 and EC$ 60,000 is taxed at 10%. Any income exceeding EC$ 60,000 is taxed at the top marginal rate of 28%.
What is the maximum NIS contribution for employees?
The maximum insurable earnings limit is EC$ 5,000 monthly. At the 5.0% employee rate, the maximum deduction is capped at EC$ 250.00 per month (EC$ 3,000 annually).
Does the employer pay matching NIS?
Yes. Employers must match employee contributions at 5.0%, bringing total NIS contributions to 10.0% of insurable earnings up to the monthly cap of EC$ 5,000.
Are bonuses and commissions subject to PAYE?
Yes, bonuses, commissions, and overtime pay are treated as ordinary employment remuneration and must be aggregated into monthly earnings for PAYE withholding.
📊 Grenada Inland Revenue Division (IRD) & NIS Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (XCD) |
|---|---|
| Primary Net / Statutory Payable Amount | EC$ 0.00 |
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Eastern Caribbean & State of Grenada Fiscal Systems Lead
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.