SALARY CALCULATOR

salary calculator

Light entrepreneur’s salary calculator calculates your total income. Please note, that there can be some little changes on calculation later on Kassavirtanen invoicing service. Kassavirtanen invoicing service.

The Amount to be invoiced:

Hour price:

€

Amount of hours:

hours

Invoice amount:

€

Does the amount include VAT?

Tax withholding %

VAT%

I am not obligated to YEL

Notice that if you leave the withholding tax % empty the calculator will use a 60% withholding tax automatically.

YOU CAN ALSO CHOOSE:

HOW MUCH YOUR SALARY REALLY IS?

Example:

If you invoice 1,000.00€ from your customer, the total invoicing would be 1240.00€ including 24% VAT.
This total invoicing is depending on the percentage of VAT.

The employee's gross income is 1,000.00 € and from this amount will be charged other the employee's costs. These include withholding tax according to the customer's tax card, health insurance contribution (if a light entrepreneur needs YEL-unsurance) 1,34% + VAT 24% and service charge 2% + VAT 24%.

IF YOUR TAX RATE IS 20%
AND YOUR SALARY IS CALCULATED WITHOUT ANY OTHER DEDUCTIONS:

Withholding tax 20% (example)

1000,00 x 0,20 = 200,00€

Health insurance contribution 1,34% + ALV 24%

1000,00 x 0,0134 = 13,40

13,40 x 0,24 = 3,22

13,40 + 3,22 = 16,62€

Service fee 2,0% + ALV 24%

1000,00 x 0,02 = 20,00
20,00 x 0,24 = 4,80
20,00 + 4,80 = 24,80€

Net income

1000,00 – 200,00 – 16,62 – 24,80 = 758,58€

The Total salary is 758,58€.

(+ Accident and Liability Insurance= 747,20€ )

Accident and Liability Insurance 1,5% + VAT 24%

Calculated from gross salary 1240,00 x 0,015 = 18,60
18,60 x 0,24 = 4,46
18,60 + 4,46= 23,06€

SALARY CALCULATOR