Salary calculator

The light entrepreneur calculator calculates an estimate of your
total income. Please note that the calculation may include small
changes to the Invosy service.

hours
%

Please note that the withholding tax is equal to your tax rate. If you leave the tax rate blank, the withholding rate of 60% will automatically be used for the calculation.

How much is your salary really?

Example:
If you invoice your customer for 1000€, the total invoice amount is 1255€ including 25,5% VAT. The total amount depends on the VAT rate.
The employee's gross salary is €1000 and the employee's deductions are based on this amount. The deductions are withholding tax according to the client's tax card, a deduction of 1.87% for the employer's health insurance contribution (for a light entrepreneur covered by the YEL insurance) and a 1.9% service charge.
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€

Reduction in employer's health insurance contribution 1,87 % 

1000,00 x 0,0187 = 18,70 €

Service fee 1,9 %

1000,00 x 0,019 = 19,00 €

Net salary

1000,00 – 200,00 – 11,60 – 19,00 = 769,40 €

The remaining salary is 769,40 €.

Withholding tax 20% (example)

Withholding tax 20% (example)

Työnantajan sairausva kuutusmaksun vähennys 1,87 % 

1000,00 x 0,20 = 200,00€

Service fee 1,9 %

1000,00 x 0,20 = 200,00€

Net salary

1000,00 x 0,20 = 200,00€