Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
120,996 kr
Direct Federal Tax 12,11%
- 13,458 kr
Communal tax
- 24,321 kr
Church tax
- 938 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 39,853 kr
Net pay
* 81,143 kr
Marginal tax rate
32.6%
Average tax rate
32.9%
67.1%
Net pay
32.9%
Total tax
Total tax
Net pay
The Taxberg
81,143 kr
Net pay
13,922 kr
Tax the employer pays
39,853 kr
Tax you pay
Total tax paid
53,775 kr
Did you know your employer also pays tax on your salary? It costs the employer 13,922 kr to pay you 120,996 kr. In other words, every time you spend 10 kr of your hard-earned money, 4.44 kr goes to the government.
Real tax rate
39.9%
So, with you and the employer both paying tax, what used to be a 32.9% tax rate now rises to 39.9%, meaning your real tax rate is actually 7% higher than what it seemed at first.
Summary
If you make 120,996 kr a year living in the region of Hedensted, Denmark, you will be taxed 39,853 kr. That means that your net pay will be 81,143 kr per year, or 6,762 kr per month. Your average tax rate is 32.9% and your marginal tax rate is 32.6%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 kr in your salary will be taxed 32.58 kr, hence, your net pay will only increase by 67.42 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 674 kr of net incomes. A 5,000 kr bonus will generate an extra 3,371 kr of net incomes.
North America
Country 
Net pay
Average tax
Rank
USA
DKK 105084
13.2%
1
Canada
DKK 90240
25.4%
2
NOTE* Withholding is calculated based on the Hedensted tables of Denmark, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.