SALARY CALCULATOR
salary calculator
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 3%.
IF YOUR TAX RATE IS 20%
AND YOUR SALARY IS CALCULATED WITHOUT ANY OTHER DEDUCTIONS:
Withholding tax 20% (example)
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 3,0%
1000,00 x 0,03 = 30,00
1000,00 – 200,00 – 16,62 – 30,00 = 753,38€
The total salary is 753,38€