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.
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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, social security contribution 0.77% + 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€
Social security contribution 0,77% + ALV 24%
1000,00 x 0,0077 = 7,70
7,70 x 0,24 = 1,85
7,70 + 1,85 = 9,55€
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 – 9,55 – 24,80 = 765,65€

The Total salary is 765,65€

(+ Accident and Liability Insurance= 742,59€ )

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€