What should I enter for tax rate?

Your effective (average) tax rate rather than your top marginal bracket — these are usually different, and effective rate gives a more realistic take-home estimate.

Does this work for hourly or contract income?

It's built around an annual gross figure, so multiply an hourly rate by expected annual hours first, or use your total contracted annual amount.

Where do I find my effective tax rate?

Divide the total tax withheld or paid on a recent pay stub or tax return by your gross income for that period — that gives your actual effective rate, which is usually more accurate here than guessing your bracket.

Why might my real paycheck differ even with the right tax rate?

Pre-tax deductions (retirement contributions, health insurance premiums) change your taxable income, and this calculator applies percentages to the full gross figure — for an exact match, use the Tax Calculator alongside your actual deduction amounts.

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Finance

Salary Calculator

Estimate take-home pay from gross salary and deductions.

🔒 Runs entirely in your browser — nothing here is ever uploaded

About the Salary Calculator

Estimates take-home pay from a gross annual salary by applying an estimated tax rate and other deductions, giving a rough sense of actual monthly and annual net income.

How to use it

Enter your Gross annual salary.
Enter your Estimated tax rate (%) and Other deductions (%).
Read your net annual and monthly take-home pay in the result panel.

Formula

Net = Gross × (1 − (Tax rate % + Other deductions %) ÷ 100)

Worked example

A $1,200,000 gross salary with an 18% estimated tax rate and 5% other deductions nets roughly $924,000 a year, or about $77,000 a month.

Recommendations

• Use your effective tax rate from a prior pay stub or return for a more accurate estimate than a rough guess.
• Remember employer-side benefits, like retirement matching or insurance subsidies, aren't reflected in take-home pay but are still part of total compensation.
• Recalculate whenever your tax bracket or deduction elections change, like after a raise or a new benefits period.

Frequently asked questions

Real payroll deductions depend on your specific tax bracket, local tax rules, retirement contributions, insurance premiums, and other benefits. This tool uses flat estimated percentages you supply, not an actual tax table.

Related tools

Tax Calculator

Compound Interest

Retirement Calculator

Disclaimer

Illustrative estimate only, not financial or tax advice. Verify figures with a licensed adviser or your local tax authority.