The light entrepreneur calculator calculates an estimate of your
total income. Please note that the calculation may include small
changes to the Invosy service.
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.
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 include withholding tax according to the customer’s tax card, a deduction for the employer’s health insurance contribution of 1.91% (for light entrepreneurs covered by YEL insurance), and a 1.9% service fee.
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€
Deduction for the employer’s health insurance contribution: 1.91%
1000,00 x 0,0191 = 19,10 €
Service fee 1,9 %
1000,00 x 0,019 = 19,00 €
Net salary
1000,00 – 200,00 – 19,10 – 19,00 = 761,90 €
The net salary (take-home pay) in this case is €761.90.
Withholding tax 20% (example)
Ennakonpidätys 20% (esimerkki) = 200€
Työnantajan sairausva kuutusmaksun vähennys 1,91 %
1000,00 x 1,91 = 19,10€
Service fee 1,9 %
1000,00 x 0,019 = 19,00€
Net salary
1000,00 – 200 – 19,10 -19,00 = 761,90€
