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 billed the customer for €1,000.00, the total amount for the customer would be €1,255.00 incl. VAT 25.5%.
This total invoicing is depending on the percentage of VAT.

The employee's gross salary remains €1,000.00, and the employee's deductions come from this amount. These include the withholding according to the customer's tax card, the reduction of the employer's health insurance premium by 1.87% (when the small business owner is liable for YEL insurance) and a service fee of 3%.

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€

Reduction of the employer's health insurance premium 1.87%

1000,00 x 0,0187 = 18,70 €

Service fee 3,0%

1000,00 x 0,03 = 30,00 €

Net income

1000,00 – 200,00 – 11,60 – 30,00 = 758,40 €

Käteen jäävä palkka on tällöin 758,40 €.

SALARY CALCULATOR