Summary
If you make 119,392 kr a year living in the region of Horsens, Denmark, you will be taxed 39,161 kr. That means that your net pay will be 80,231 kr per year, or 6,686 kr per month. Your average tax rate is 32.8% and your marginal tax rate is 32.4%. 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 32.43 kr, hence, your net pay will only increase by 67.57 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 676 kr of net incomes. A 5,000 kr bonus will generate an extra 3,379 kr of net incomes.