Calculate Gross to Net or Net to Gross based on your income and deductions.
The salary calculation process depends on whether you’re calculating Gross → Net or Net → Gross. Based on your inputs (pay frequency, pre-tax deductions, post-tax deductions, etc.), we can calculate your net salary or figure out the gross salary needed for a target net income.
1. Start with the gross income (before deductions).
2. Apply any pre-tax deductions (like retirement contributions, insurance premiums, etc.).
3. Subtract taxes (using the tax brackets relevant to your country/region).
4. Apply any post-tax deductions (such as additional insurance or savings).
The remaining amount after all deductions is your net income.
1. Start with the target net income (the income you wish to take home after deductions).
2. Add back the post-tax deductions.
3. Reverse the tax calculation to estimate how much gross income is needed.
4. Add any pre-tax deductions you might have.
The calculated gross income will ensure the desired net income after all deductions.
