Free Schedular Payments (WT) Calculator for New Zealanders
Contractors paid under the schedular payments rules (WT tax code) have tax withheld at source. The chosen rate (10.5% up to 39%) is set on an IR330C form and remitted to IRD by the payer.
Your payment
$5,000
$
Net to contractor
$4,000
After WT deducted at source
Based on a $5,000 payment with WT at 20%.
Gross schedular payment$5,000
WT deducted$1,000
WT rate20%
Net to contractor$4,000
About our Schedular Payments (WT) Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.