Summary
If you make 123,500 kr a year living in the region of Kolding, Denmark, you will be taxed 40,708 kr. That means that your net pay will be 82,792 kr per year, or 6,899 kr per month. Your average tax rate is 33.0% 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 32.62 kr, hence, your net pay will only increase by 67.38 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 3,369 kr of net incomes.