GRA Tax Calculator 2026
Calculate your 2026 income tax for Guyana using the latest GRA PAYE rates. Estimate your tax liability, NIS contributions, and net take-home pay. Updated for the 2026 tax year with the new threshold of GYD 280,000/month.
What Is GRA Tax?
The Guyana Revenue Authority (GRA) administers income tax in Guyana. For employees, income tax is collected through the PAYE (Pay As You Earn) system, where employers deduct tax directly from employees' wages.
For the 2026 tax year, the following rates apply:
- Personal Allowance: GYD 140,000 per month (GYD 1,680,000 per year) is tax-free
- 25% on chargeable income up to GYD 280,000 per month (GYD 3,360,000 per year)
- 35% on chargeable income exceeding GYD 280,000 per month
- NIS Contribution: 5.6% of gross income (employee portion)
The chargeable income is calculated as:
Chargeable Income = Gross Income − NIS − Personal Allowance − Other Deductions
Tax is then calculated on the chargeable income using the two brackets above.
For example, a monthly gross income of GYD 350,000:
- NIS (5.6%) = GYD 19,600
- Personal Allowance = GYD 140,000
- Chargeable Income = 350,000 − 19,600 − 140,000 = GYD 190,400
- Tax (25%) = GYD 47,600
- Net Pay = 350,000 − 19,600 − 47,600 = GYD 282,800
Why Use This GRA Tax Calculator?
- 2026 Rates: Uses the latest GRA PAYE rates and thresholds.
- Accurate Estimates: Calculates income tax, NIS, and net pay.
- Flexible Inputs: Supports monthly or annual income, and manual entry for NIS and allowances.
- Visual Breakdown: A chart shows how your pay is distributed.
- Free & Private: No registration, no data storage.
2026 Tax Changes
- Personal Allowance Increase: The tax-free threshold increased from GYD 130,000 to GYD 140,000 per month
- Higher Rate Threshold: The 35% rate now applies to income above GYD 280,000 per month (up from GYD 260,000)
- NIS Rate: Remains at 5.6% for employees, with an insurable earnings ceiling
❓ GRA Tax Calculator FAQ
What is the GRA tax rate for 2026?
For 2026, the first GYD 140,000 of monthly income is tax-free. Income between GYD 140,001 and GYD 280,000 is taxed at 25%, and income above GYD 280,000 is taxed at 35%.
What is the personal allowance for 2026?
The personal allowance for 2026 is GYD 140,000 per month (GYD 1,680,000 per year). This is the amount of income that is tax-free.
What is NIS and how much do I pay?
NIS (National Insurance Scheme) is a social security contribution. Employees pay 5.6% of their gross income, with an insurable earnings ceiling. Employers also contribute 8.4%.
How do I calculate my PAYE tax?
Subtract your NIS contribution and personal allowance from your gross income to get your chargeable income. Then apply the 25% and 35% rates accordingly.
What is the difference between monthly and annual income?
Monthly income is what you earn per month. Annual income is your total earnings for the year. The calculator can work with both — just select the appropriate period.
Can I enter my NIS contributions manually?
Yes. Select "Enter manually" in the NIS Contributions dropdown and enter your NIS amount in the field that appears.
What is chargeable income?
Chargeable income is your gross income minus NIS contributions, personal allowance, and any other deductions. This is the amount that is subject to income tax.
What is the effective tax rate?
The effective tax rate is the percentage of your gross income that goes to income tax. It's calculated as (Income Tax ÷ Gross Income) × 100.
How does the calculator handle USD?
You can select USD as the currency. The calculator performs the same calculations but displays results in USD. The tax rates remain the same — the calculations are based on the numerical values entered.
Is this calculator official?
This calculator provides estimates based on publicly available GRA tax rates for 2026. For official tax calculations, please consult the Guyana Revenue Authority or a qualified tax professional.
What are other deductions?
Other deductions can include pension contributions, insurance premiums, union dues, or any other pre-tax deductions that reduce your taxable income.
How does the calculator handle annual income?
When you select "Annual" as the income period, the calculator applies the annual thresholds: personal allowance of GYD 1,680,000 and the 35% rate threshold of GYD 3,360,000.
What is the insurable earnings ceiling for NIS?
The insurable earnings ceiling is the maximum income amount subject to NIS contributions. For 2026, please check the latest NIS guidelines. The calculator applies the 5.6% rate to your full gross income.
How do I use this calculator for salary negotiations?
Enter your proposed salary as the gross income to see your estimated net take-home pay after tax and NIS. This helps you understand your actual earnings.
What is the difference between PAYE and self-assessment?
PAYE is for employees where tax is deducted automatically from wages. Self-assessment is for self-employed individuals who file and pay their own taxes. This calculator focuses on PAYE.
How often are tax rates updated?
Tax rates are updated annually in the national budget. The 2026 rates reflect the changes announced in the 2026 Budget.
Is there a tax on bonuses?
Bonuses are generally subject to the same PAYE tax rates as regular income. They are added to your gross income for the period and taxed accordingly.
How do I get a tax refund?
If you've overpaid tax, you may be eligible for a refund. This typically happens if you have multiple jobs, or if your actual income was lower than estimated. Contact the GRA for guidance on refund claims.
Can I use this calculator for previous years?
This calculator is specifically designed for the 2026 tax year with the updated rates and thresholds. For previous years, please use a calculator with the applicable rates.
Is this calculator free to use?
Yes, this calculator is completely free to use. No registration or personal data storage is required. All calculations are performed in your browser.