1. Income Tax Classification of Income for Tax Purposes Schedular System:
Schedule D Case I – Income from a Trade
Schedule D Case II – Income from a Profession
Schedule D Case III – Investment Income not subject to tax at source, foreign income, credit union ordinary accounts

2. Income Tax Classification of Income for Tax Purposes
Schedular System (continued):
Schedule D Case IV – Irish deposit interest subject to DIRT, Credit union special share accounts, covenant income, miscellaneous income
Schedule D Case V – Irish Rental Income
Schedule E – Employment Income
Schedule F – Irish Dividend Income

3. Income Tax Classification of Income for Tax Purposes
Schedular System (continued):
Schedule D Case IV – Irish deposit interest subject to DIRT, Credit union special share accounts, covenant income, miscellaneous income
Schedule D Case V – Irish Rental Income
Schedule E – Employment Income
Schedule F – Irish Dividend Income

4. Income Tax Income Tax Pro Forma Computation (Taxpayer Name)
Income Tax Computation for the year ended 31st December 2015 €
Income xxx
Less Reliefs/Allowances (xxx)
Taxable Income xxx
Taxed as follows:
xxx
xxx
xxx
Less Non-Refundable Credits (xxx)
Less Refundable Credits (xxx)
Income Tax Liability/(Overpayment) xx(xx)

5. Income Tax Main sections of the Pro Forma Computation Income
Reliefs and Allowances
Calculation of Tax
Non-Refundable Credits
Refundable Credits

6. Income Tax Example John O’Shea, 28, single Salary €21,000
PAYE deducted €1,000
Non-Refundable Tax Credits €3,300
Tax Reliefs €1,000
Calculate John’s income tax liability or overpayment