For Employers

k.alculator

Your Salary Calculation Assistant

Wondering how much your net income is from your gross salary? The net salary calculator allows you to see how much money you'll take home after deductions and taxes. Accurately calculate EFKA contributions, income tax, and the amount you will receive in your bank account.

NET & GROSS SALARY

Calculate easily your net salary and see how much you earn!

Net
0%
DEDUCTIONS
Gross
Necessary Data for Calculation
    DISCLAIMER
    Please note that these are calculations for EFKA based upon existing data and may be prone to errors. kariera.gr is not responsible for any issues occurred. Please consult further with an accountant and/or legal counsellor if you wish.

    Why use the k.alculator?

    Continuously Updated

    Tax brackets are refreshed based on the latest changes

    Easy & Fast

    Just enter your details and instantly see your net salary

    Reliable Results

    Based on current legislation

    Easily calculate your net salary

    Wondering how much money you'll receive after deductions and taxes? Our net salary calculator allows you to fast & accurately calculate EFKA contributions, income tax, and the amount you'll receive in your bank account.

    What is net salary?

    Net salary is the amount an employee receives after all deductions imposed by the state, such as:

    • EFKA social security contributions (about 16% for the employee)
    • Income tax based on tax brackets
    • Solidarity contribution (if applicable)

    How do I calculate the net salary?

    The calculation of net salary is based on the following steps:

    1. Enter your gross salary (i.e., the amount before deductions).
    2. EFKA social security contributions are deducted.
    3. Income tax is calculated according to the applicable tax scale.
    4. Your net salary is calculated - the final amount you receive.

    Calculation Example

    A Gross Salary of €1,500 means that:

    • social security contributions are approximately €240
    • income tax is approximately €110

    which results in a Net Salary of €1,150.

    Income Tax Brackets for 2024

    INCOME (€)TAX RATE
    0 - 10.0009%
    10.001 - 20.00022%
    20.001 - 30.00028%
    30.001 - 40.00036%
    40.001 +44%
    DISCLAIMER

    The above rates are valid for the tax year 2024. For the accurate calculation of income tax, other factors such as child tax credits and tax deductions for specific expenses are also taken into account.

    Frequently Asked Questions for the Salary Calculation

    1. What is the difference between gross and net salary?

    Gross salary is the agreed amount before deductions, while net salary is the amount the employee receives after the deduction of social security contributions and taxes.

    2. How are EFKA social security contributions calculated?

    Employees contribute about 16% of their gross salary in social security contributions, while the employer pays an additional percentage that usually ranges from 25% to 27%.

    3. Are there tax deductions for parents with children?

    Yes! Parents with dependent children are entitled to a tax deduction, which reduces the final income tax. The deduction depends on the number of children and the income level.

    4. How can I reduce the amount of tax I pay?

    Some ways to reduce income tax include medical expenses, contributions to insurance funds, rent or tutoring expenses for children, and deductions for people with disabilities.

    5. What if I work with a service invoice (freelancer)?

    The net salary for freelancers (those working with a service invoice) cannot be calculated using the standard gross-to-net salary model. Instead of the classic gross-to-net calculation, workers issuing a Service Provision Invoice are taxed differently, as specific rates and reductions in social security contributions apply depending on the terms of their collaboration.

    6. How is the employer's cost and total deductions calculated?

    The employer's cost is the total amount an employer spends on an employee, including the gross salary, employer contributions, and any allowances. The total cost can be calculated as follows:

    ITEMCALCULATIONAMOUNT (€)
    Net Salary-1.200
    Income Tax~15%200
    Employee Contributions16% of gross250
    Gross SalaryNet + Deductions1.650
    Employer Contributions~25% of gross410
    Total Employer CostGross + Employer Contributions2.060

    So, for a net salary of €1,200, the gross salary is €1,650, while the total cost for the employer reaches €2,060.

    Calculate your net salary now!

    Don’t leave room for doubt when it comes to EFKA deductions and income tax. Use the net salary calculation tool of kariera.gr and find out exactly how much you’ll receive every month!