Payroll Calculator
Calculate employee payroll with our comprehensive calculator. Determine gross pay, tax deductions, and net pay for hourly, salaried, and contractor employees in multiple currencies.
Step 1: Employee Details
Employee Types
Hourly employees are paid for hours worked. Salaried employees receive fixed annual pay. Contractors are responsible for their own taxes and may have different deductions.
Step 2: Deductions & Taxes
Tax Information
Tax rates vary by region and income level. This calculator provides estimates. Consult a tax professional for accurate calculations based on your specific situation.
Payroll Calculation Results
Net Pay (Take Home)
Detailed Payroll Breakdown
| Description | Amount | Percentage |
|---|
Employee Type Comparison
| Employee Type | Gross Pay | Tax Deductions | Net Pay |
|---|
Payroll Calculation Formula
Net Pay = Gross Pay – (Income Tax + Social Security + Health Insurance + Retirement + Other Deductions)
To calculate net pay: Start with gross pay, subtract all applicable taxes and deductions based on employee type and regional tax rates.
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