New tax brackets for 2011

In 2011, the tax rates (%) remain the same, but the amounts in each bracket have been revised.

The new tax rates for 2011 are as follows:

monthly gross pay                    tax rate in %       tax

     up to 5,070                                10                 507

     next 3,590  (up to 8,660)            14                 503             

     next 5,410  (up to 14,070)           23               1,244

     next 7,170  (up to 21,240)           30               2,151

     next 18,990  (up to 40,230)         33               6,267 

     every additional shekel                45                ——

 

personal credit points have been updated as well to 209 shekels each (form 205 shekels in 2010) 

Note: the taxes are gross (prior to credits). All amounts are in shekels. Since taxes are configured annually the  following table is for a monthly salary only. In certain situations other restrictions or laws may apply. The above information is meant as general information and in any case of contradiction, the existing tax laws and regulations are the deciding factor.

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