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.
hours
%

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€