Tax percentage calculator
Use calculator to estimate whether you need a change in your withholding tax percentage rate.
What can you do:
Use this calculator to estimate whether you need a change in your withholding tax percentage rate. You may require a new withholding rate because you are no longer employed or because you have recently started working — or because you have had other changes. The calculator will show you the taxes needed in most cases including situations of changes in
- wage incomes
- changes in benefits from the Social Insurance Institution (Kela)
- changes in unemployment fund benefits
- students' grants
- seafarer's income or
- pension benefits.
You can also use the calculator even if you are a self-employed individual with a pension plan (under the Acts called YEL and MYEL governing the retirement of entrepreneurs and farmers). For the self-employed, health insurance premiums that usually are included in personal withholding rates are not computed with the same basis as for wage earners. Instead, if you are self-employed, your basis for the premiums is the 'work income' that you have reported to your insurance company under the legal YEL/MYEL requirements.
You can also use the calculator in situations where you continue to be covered by the social insurance system of another country even if you work and live in Finland. In this case, no Finnish health insurance contributions are withheld.
What you cannot do:
The calculator does not give a good estimate if you receive
- income from other countries
- athletes' or sportsmen's fees, or
- stock options on the basis of employment.
Similarly, the calculator cannot be utilized in cases where income spreading is involved, for
- periodized pension income
- the handling of losses
- nonresidents' withholding tax estimates
- computing the income of self-employed fishermen who are insured under the YEL/MYEL acts and who receive seafarer´s income from the company where they are shareholders.
The calculator only gives you the withholding rate of taxes. However, employers usually withhold insurance premiums, too. To figure out a close estimate of your future take-home pay, please remember to include the insurance premiums that are applicable. Examples of such insurance are occupational pension insurance contracts and unemployment insurance contracts.
Feeding the numbers into the tax percentage calculator
Enter all numbers as euros and cents, using a comma to mark the cents. Do not use spaces.
5 700 euros and 50 cents: enter 5700,50
40 000 euros: enter 40000,00 or 40000