Paycheck Calculator
Turn a gross salary into take-home pay per paycheck after tax, pension contributions, and deductions — for any pay frequency.
Take-home pay is gross salary minus pre-tax contributions such as a pension, minus income tax and social contributions on the remainder, minus any post-tax deductions, divided by the number of pay periods. A $60,000 salary with a 5% pension and a 25% effective tax rate leaves about $42,750 a year, or $3,562.50 monthly.
From salary offer to money in the bank
A salary figure and the amount that lands in your account are two very different numbers. This calculator bridges the gap: enter your gross pay, your effective tax rate, pension contributions, and any other deductions to see exactly what each paycheck is worth.
Once you know your take-home pay, put it to work — split it with the 50/30/20 budget calculator or aim it at a target with the savings goal calculator.
Frequently asked questions
How do I calculate my take-home pay?
Start with your gross salary, subtract pre-tax contributions such as a pension, apply your effective tax rate to what remains, then subtract any post-tax deductions. Divide the result by your number of pay periods.
What is the difference between gross and net pay?
Gross pay is your total salary before anything is taken out. Net pay — or take-home pay — is what actually reaches your bank account after tax, contributions, and deductions.
What tax rate should I enter?
Use your effective rate: total tax and mandatory social contributions divided by gross pay. That is usually lower than your top marginal rate, because most countries tax income in bands.
Does this work outside the United States?
Yes. Because you supply your own effective tax rate rather than relying on one country's tax tables, the calculator works anywhere — and results display in your selected currency.
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