To calculate salary after taxes (take-home-pay) enter salary before taxes. You can also enter number of worked hours and hourly rates (up to three rates).
As well the calculator calculates personal income tax and state mandatory social contributions.
Entering sum of salary before deduction
of taxes, you will get sum of salary after deduction of taxes and vice versa.
Also you can calculate personal income tax, government mandatory social
contribution payments and business risk fee.
Home > Calculators > Salary calculator. Calculates salary before and after taxes.
Salary calculator. Calculates salary before and after taxes.
Year
Calculate
:
Use hourly rate
Pensioner?
STB not submitted/nonresident
Non taxable minimum:
Number of dependents:
Work relations part of month
Invalidity?
SDBR not applicable
Data for Year, 2018:
- The minimum wage within the normal working time is - 430 euro per month.
- To calculate the minimum hourly rate, you need to divide 430 euros by the number of working hours in the corresponding month (for example, 8 hours a day multiplied by the number of working days in a month).
- Personal income tax rate, in general, depends on the amount of income. If the wage does not exceed 1667 euros per month, then the tax rate is 20%. If the amount of wages exceeds 1167 euros per month, then to the amount exceeding 1667 euros, must apply the rate 23%. If an employer has not received a tax book of an employee, then 23% rate applies regardless of the amount of wages. In some cases, the rate is 31.4%.
- The general rate of mandatory payments of state social insurance is 35.09%. From wages must withhold 11%.
- The allowance for dependents is 200 euros per month for each dependent.
- The maximum amount of the non-taxable minimum is 200 euros per month.
Data for Year, 2019:
- The minimum wage within the normal working time is - 430 euro per month.
- To calculate the minimum hourly rate, you need to divide 430 euros by the number of working hours in the corresponding month (for example, 8 hours a day multiplied by the number of working days in a month).
- Personal income tax rate, in general, depends on the amount of income. If the wage does not exceed 1667 euros per month, then the tax rate is 20%. If the amount of wages exceeds 1167 euros per month, then to the amount exceeding 1667 euros, must apply the rate 23%. If an employer has not received a tax book of an employee, then 23% rate applies regardless of the amount of wages. In some cases, the rate is 31.4%.
- The general rate of mandatory payments of state social insurance is 35.09%. From wages must withhold 11%.
- The allowance for dependents is 230 euros per month for each dependent.
- The maximum amount of the non-taxable minimum is 230 euros per month.
Was this page helpful?
Sorry about that.
Thanks for your feedback!
You might be interested in:
- Incorporation of companies and accounting in Latvia Services relating to the incorporation of companies and accounting in Latvia. Consultation, the choosing of necessary actions, preparation of documents, representation of interests.
- Tax support services in Latvia Tax support services in Latvia. Tax advice.
- Tax and accounting services calculators for Latvia Calculators for Latvia - salary calculator, royalty calculator, micro company tax calculator, accounting services cost calculator