The calculations are expained in this video on my youtube channel : How is your income tax calculated ? | 7 Basic steps
Basic Steps in English and French:
- Total Income or Revenu Global (RG)
- Total Gross Income or Revenu Brut Global (RBG)
- Total Net Income or Revenu Net Global (RNG)
- Net Taxable Income or Revenu Net Imposable (RNI)
- Family Quotient or Quotient Familial (QF)
- Gross Tax to be paid by the household or Impôt Brut (IB)
- Net Tax to be paid by the household or Impôt Net (IN)
Sources:
Disclaimer
- Any finance-related information shared is not professional legal, tax, or investment advice.
- The information provided is of an educational and general nature and is not investment advice within the meaning of Articles L. 321-1 and D. 321-1 of the French Monetary and Financial Code.
- Investment carries risks of loss and past performance does not guarantee future performance.
- For all professional advice, please consult a certified financial planner, CGP, CIF, tax consultant, etc.
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