A professional tool to estimate your net pay after taxes and deductions. Plan your finances with precision.
This calculator uses a simple flat tax model. It subtracts your deductions from your gross income to find your taxable income, then applies the tax rate to that amount.
Taxable income is the portion of your gross income that is actually subject to taxation. Deductions are subtracted from your total earnings to arrive at this figure.
A flat tax applies the same percentage to all levels of income. In contrast, a progressive tax (like the US Federal Income Tax) applies higher rates to higher levels of income.