Net Salary Calculator
Calculate your estimated take-home pay.
Net Salary
$0.00
About Net Salary Calculator
Knowing your gross salary is one thing, but knowing exactly how much hits your bank account is what matters for budgeting. This calculator helps you estimate your net pay (take-home pay) by deducting taxes and other expenses from your gross earnings.
Gross vs. Net Salary
- Gross Salary: The total amount of money you earn before any deductions are made. This is usually the figure quoted in job offers.
- Net Salary: The amount you actually receive in your bank account after taxes, insurance, retirement contributions, and other deductions have been taken out.
Common Deductions
Your paycheck may be reduced by several factors:
- Income Tax: Federal, state, and local taxes.
- Social Security & Medicare: Mandatory contributions for government programs.
- Health Insurance: Premiums for medical, dental, and vision coverage.
- Retirement Contributions: Money set aside for your 401(k) or other retirement plans.