FT FinToolSuite

Salary After Tax Calculator

Compare your salary after tax across regions

Model your after-tax salary in the UK, India, United States, and Germany (EU) using live FX conversion and realistic tax brackets. Switch origin and destination countries to see how far your pay goes elsewhere.

Enter annual salary before tax. Commas and periods are accepted.

Pay frequency

Deducted before tax. For India this mimics EPF/VPF; for UK/US it represents pension or 401(k) contributions.

This tool uses simplified national tax brackets and does not account for state/province taxes, allowances, credits, or special exemptions. Calculations are estimates only.

Enter your salary details and select Calculate to see after-tax results, tax breakdowns, and FX-adjusted comparisons.

Results explainer

You’ll see your net salary in the origin currency, the converted destination amount using the latest FX snapshot, and a tax breakdown showing what goes to deductions and what’s left to keep. A short note calls out which country leaves more take-home pay based on your inputs.

Disclaimer

Estimates are illustrative and for educational purposes only. This Salary After Tax Calculator does not provide financial, tax, legal, or investment advice. Results depend on the information you enter and the assumptions used, and may not reflect your actual tax position, filing status, deductions, credits, local taxes, or benefit withholding.

How it works

The tool normalizes your salary to the chosen frequency, applies a simplified national tax model plus your pension percent, and shows the resulting net pay. It then converts that net into the destination currency using the latest FX snapshot so you can compare take-home across countries.

Inputs used

  • Origin and destination countries
  • Gross salary and pay frequency
  • Pension or retirement contribution percent
  • Latest FX snapshot for currency conversion
  • Saved scenarios you choose to compare

Core formulas

  • Net salary ≈ gross − pension − simplified tax
  • FX conversion = net × FX rate
  • Take-home difference = destination net − origin net
  • Effective tax rate ≈ (tax ÷ gross) × 100

Calculation steps

  1. Normalize your salary to annual based on the frequency you pick.
  2. Apply pension percent and the simplified national tax model to estimate net pay.
  3. Convert the net pay into the destination currency using the latest FX snapshot.
  4. Calculate the effective tax rate and show the cash flow bars.
  5. Save scenarios to compare which mix leaves you with more take-home.

Example scenario

Suppose you enter a £60,000 annual gross salary, 5% pension, and annual frequency from the UK to the US. The model estimates UK net pay, then converts it to USD using the latest rate. If the snapshot is 1.26 USD/GBP, the converted destination net could land near $55,000 (illustrative) while the origin net sits around £44,000. Saving another scenario with India as the destination shows how the mix shifts when FX and tax models change.

Interpretation notes

  • Effective tax rate and net pay are directional and may differ from payslips.
  • FX swings can quickly change the destination net; rerun when rates move.
  • Pension percentages change both take-home and long-term savings balance.
  • Local surcharges or benefits not modeled here can shift the final numbers.
  • Scenario comparisons help isolate whether taxes or FX drive the biggest changes.

Limitations & assumptions

The calculator uses simplified national tax rules and a single FX snapshot. City taxes, special allowances, bonuses, benefits, and employer-specific deductions are not included unless you adjust inputs manually. Pension is treated as a flat percent. Treat outputs as directional illustrations to compare options, not as exact payslips. Cross-check with your employer or a tax professional before making commitments.

FAQs

Quick answers

What does this calculator estimate?

It estimates your net pay in one country, converts it with the latest FX snapshot, and shows the destination-country equivalent for a quick cross-border comparison.

What is included or excluded?

Included: the gross salary you enter, pay frequency, pension percent, national income tax models, social contributions, and a live FX snapshot. Excluded: local or city taxes, bespoke allowances, bonuses, benefits, or unique deductions unless you add them yourself.

What assumptions are used?

Tax is a simplified national view; FX uses the most recent snapshot; pension is applied as a flat percent. The outputs are directional, not exact payslips.

Can I save or export scenarios?

Yes. Save multiple scenarios on this device, compare them side by side, and export a PDF summary if you want a record.

Is my data private?

Calculations run in your browser. Inputs stay on your device unless you export a file.

Is this financial or tax advice?

No. It’s an educational model. Confirm details with your employer or a tax professional before making decisions.