How to use the salary calculator
- Enter your gross salary and choose yearly or monthly.
- Set your tax rate and any other deductions as percentages.
- Read your take-home pay broken down by month, week, day and hour.
How take-home pay is calculated
Take-home (net) pay is your gross salary minus the percentage lost to tax and other deductions. The hourly figure assumes a standard 40-hour week across 52 weeks (2,080 hours a year); the daily figure assumes 260 working days.
monthly = net ÷ 12 weekly = net ÷ 52 hourly = net ÷ 2080
Worked example
$60,000 gross, 20% tax, 5% other
Total deductions 25%, so net = 60,000 × 0.75 = $45,000 a year → $3,750 a month, about $865 a week and $21.63 an hour.
Gross pay vs net pay
Two words cause most of the confusion around salaries. Gross pay is the headline figure — the salary you agree with an employer before anything is taken out. Net pay (your take-home) is what actually lands in your bank account after income tax, social contributions and any other deductions like pension or health insurance. The gap between the two can easily be 20–40% depending on where you live, which is why a “$60,000 salary” never means $5,000 a month in the bank.
Why the same salary feels different by pay frequency
Employers pay monthly, fortnightly, weekly or hourly, and the same annual figure looks very different each way. This calculator breaks your net salary into all of them at once so you can budget against whatever cycle you’re actually paid on:
- Monthly — annual net ÷ 12. Best for rent, bills and subscriptions.
- Weekly — annual net ÷ 52. Useful for weekly-paid roles and groceries.
- Daily — based on about 260 working days a year.
- Hourly — based on 2,080 hours (40 hours × 52 weeks). Handy for comparing salaried and hourly offers.
Frequently asked questions
Use your effective tax rate — total tax divided by gross income — rather than your top bracket, for the most realistic take-home figure.
Only if you include them in the “other deductions” field. The calculator is country-neutral, so add any social contributions there as a percentage.
Multiply your hourly rate by 2,080 (40 hours × 52 weeks). For example $25/hour × 2,080 = $52,000 a year gross.