Income tax calculator Finland
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
€ 31,043
Income Tax
- € 982
Local Income Tax
- € 6,199
Church tax
- € 497
Public broadcasting tax
- € 163
Daily allowance contribution
- € 366
Medicare Premium
- € 165
Pension insurance
- € 2,220
Unemployment insurance
- € 466
Total tax
- € 11,057
Net pay
*
€ 19,986
Marginal tax rate
49.2%
Average tax rate
35.6%
64.4%
Net pay
35.6%
Total tax
Total tax
Net pay
The Taxberg
€ 19,986
Net pay
€ 807
Tax the employer pays
€ 11,057
Tax you pay
Total tax paid
€ 11,864
Did you know your employer also pays tax on your salary? It costs the employer € 807 to pay you € 31,043. In other words, every time you spend € 10 of your hard-earned money, € 3.82 goes to the government.
Real tax rate
37.3%
So, with you and the employer both paying tax, what used to be a 35.6% tax rate now rises to 37.3%, meaning your real tax rate is actually 1.7% higher than what it seemed at first.
Summary
If you make € 31,043 a year living in Finland, you will be taxed € 11,057. That means that your net pay will be € 19,986 per year, or € 1,665 per month. Your average tax rate is 35.6% and your marginal tax rate is 49.2%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of € 100 in your salary will be taxed € 49.18, hence, your net pay will only increase by € 50.82.
Bonus Example
A € 1,000 bonus will generate an extra € 508 of net incomes. A € 5,000 bonus will generate an extra € 2,541 of net incomes.
NOTE* Withholding is calculated based on the tables of Finland, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.