Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
2,848 OMR
Social Security
- 228 OMR
Total tax
- 228 OMR
Net pay
* 2,620 OMR
Marginal tax rate
8.0%
Average tax rate
8.0%
92.0%
Net pay
8.0%
Total tax
Total tax
Net pay
Summary
If you make 740,480 OMR a year living in Oman, you will be taxed 59,238 OMR. That means that your net pay will be 681,242 OMR per year, or 56,770 OMR per month. Your average tax rate is 8.0% and your marginal tax rate is 8.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 OMR in your salary will be taxed 8 OMR, hence, your net pay will only increase by 92 OMR.
Bonus Example
A 1,000 OMR bonus will generate an extra 920 OMR of net incomes. A 5,000 OMR bonus will generate an extra 4,600 OMR of net incomes.
NOTE* Withholding is calculated based on the tables of Oman, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.