Gross to net salary
Monthly SSI, unemployment, income and stamp tax deductions from your gross salary, including the minimum wage exemption.
What is deducted from salary?
14% SSI and 1% unemployment insurance are deducted from gross pay. The remainder is the income tax base; as tax is calculated on cumulative annual income with progressive brackets, net pay may fall later in the year. The minimum-wage portion is exempt from income and stamp tax.
FAQ
Why does my net pay fall towards year end?
Income tax is progressive on cumulative annual income; when it enters a higher bracket, more tax is withheld.
This tool is for general information and gives approximate results; it does not constitute legal advice. Updated:
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