Estimate annual net pay and take-home income per pay period after a simple tax rate and deductions.
Take-home pay = gross salary − estimated tax − annual deductions. Per-period pay divides the result by the selected pay frequency.
Use this simple estimator to compare offers or create a monthly budget when you know a reasonable effective tax rate and annual deductions.
A gross salary of 120,000 with 15% estimated tax and 6,000 deductions produces 96,000 annual take-home pay, or 8,000 monthly.
No. Enter an effective rate suitable for your own situation.
Examples include insurance, pension contributions or payroll deductions not included in the tax rate.
Real payroll may include progressive bands, credits, benefits, rounding and timing differences.
