Salary & Payroll Calculator
Calculate your take-home pay, payroll taxes, deductions, and net salary from gross income. Perfect for employees, employers, and HR professionals.
Pay Period & Salary Details
Taxes & Deductions
Additional Income & Hours
Payroll Calculation Results
Ready to Calculate
Enter your salary details and click "Calculate Payroll"
Quick Scenarios
Tax Comparison
Payroll Tips
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Maximize retirement contributions for tax savings
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Consider health savings accounts for medical expenses
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Track overtime hours accurately for proper compensation
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Review pay stubs regularly for accuracy
Common Deductions
Pay Frequency Guide
What is a Salary Payroll Calculator?
A Salary Payroll Calculator is an essential financial tool that helps employees, employers, HR professionals, and job seekers calculate take-home pay, payroll taxes, deductions, and net salary from gross income. This comprehensive calculator provides accurate payroll calculations for various pay periods including monthly, bi-weekly, weekly, and annual salaries.
Our advanced payroll calculator accounts for income tax, social security contributions, health insurance premiums, retirement savings, overtime pay, and bonuses. Whether you're negotiating a job offer, planning your budget, processing payroll, or comparing job offers, this tool provides precise calculations with detailed breakdowns.
How to Use This Payroll Calculator
Follow these simple steps to calculate your accurate take-home pay:
1. Select Pay Period
Choose monthly, bi-weekly, weekly, or annual pay frequency.
2. Enter Salary
Input your gross salary amount and select currency.
3. Set Deductions
Configure tax rates, insurance, retirement, and other deductions.
4. View Results
See detailed breakdown of net pay, taxes, and deductions.
Payroll Components Explained
Gross Salary
Your total salary before any deductions or taxes are taken out. This is the amount agreed upon in your employment contract.
Net Salary (Take-Home)
The amount you actually receive in your bank account after all deductions. This is what you use for budgeting and expenses.
Tax Deductions
Mandatory government deductions including federal/state income tax, social security, and medicare contributions.
Voluntary Deductions
Optional deductions you choose including retirement contributions, health insurance, and other benefits.
Frequently Asked Questions (FAQ)
What's the difference between gross and net salary?
Gross salary is your total salary before any deductions. This includes your base pay plus any overtime, bonuses, or commissions. Net salary (take-home pay) is what you actually receive after all deductions including taxes, social security, health insurance, retirement contributions, and other deductions. For example, if your gross salary is $5,000 per month and total deductions are $1,500, your net salary would be $3,500.
How are payroll taxes calculated?
Payroll taxes typically include:
- Income Tax: Progressive tax based on income brackets (federal and state)
- Social Security: 6.2% of income up to annual limit ($168,600 in 2024)
- Medicare: 1.45% of all income (no limit)
- Additional Medicare Tax: 0.9% on income over $200,000
How do retirement contributions affect my take-home pay?
Retirement contributions like 401(k) or IRA reduce your taxable income, which can lower your tax bill. For example, if you earn $60,000 and contribute $5,000 to a 401(k), your taxable income becomes $55,000. While this reduces your immediate take-home pay, it provides significant long-term benefits through tax-deferred growth and potential employer matching. Most financial advisors recommend contributing at least enough to get any employer match, as this is essentially free money.
How is overtime calculated?
Overtime is typically calculated at 1.5 times your regular hourly rate (time and a half) for hours worked beyond 40 hours per week. Some companies pay double time (2x) for holidays or weekends. To calculate overtime pay:
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