Calculate easily your net salary and see how much you earn!
Tax brackets are refreshed based on the latest changes
Just enter your details and instantly see your net salary
Based on current legislation
We rely on data from AADE and IKA for accuracy
Wondering how much money you'll receive after deductions and taxes? Our net salary calculator allows you to fast & accurately calculate IKA contributions, income tax, and the amount you'll receive in your bank account.
A Gross Salary of €1,500 means that:
which results in a Net Salary of €1,150.
| INCOME (€) | TAX RATE |
|---|---|
| 0 - 10.000 | 9% |
| 10.001 - 20.000 | 22% |
| 20.001 - 30.000 | 28% |
| 30.001 - 40.000 | 36% |
| 40.001 + | 44% |
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.
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.
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%.
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.
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.
Instead of the classic gross-to-net salary calculation, those who work with a Service Invoice are taxed differently, with special rates and reductions in insurance contributions depending on the cooperation conditions.
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:
| ITEM | CALCULATION | AMOUNT (€) |
|---|---|---|
| Net Salary | - | 1.200 |
| Income Tax | ~15% | 200 |
| Employee Contributions | 16% of gross | 250 |
| Gross Salary | Net + Deductions | 1.650 |
| Employer Contributions | ~25% of gross | 410 |
| Total Employer Cost | Gross + Employer Contributions | 2.060 |
So, for a net salary of €1,200, the gross salary is €1,650, while the total cost for the employer reaches €2,060.
Don’t leave room for doubt when it comes to IKA deductions and income tax. Use the net salary calculation tool of kariera.gr and find out exactly how much you’ll receive every month!