Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
150,072 kr
Direct Federal Tax 12,11%
- 16,692 kr
Communal tax
- 30,436 kr
Church tax
- 812 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 49,076 kr
Net pay
* 100,996 kr
Marginal tax rate
32.4%
Average tax rate
32.7%
67.3%
Net pay
32.7%
Total tax
Total tax
Net pay
The Taxberg
100,996 kr
Net pay
13,922 kr
Tax the employer pays
49,076 kr
Tax you pay
Total tax paid
62,998 kr
Did you know your employer also pays tax on your salary? It costs the employer 13,922 kr to pay you 150,072 kr. In other words, every time you spend 10 kr of your hard-earned money, 4.20 kr goes to the government.
Real tax rate
38.4%
So, with you and the employer both paying tax, what used to be a 32.7% tax rate now rises to 38.4%, meaning your real tax rate is actually 5.7% higher than what it seemed at first.
Summary
If you make 150,072 kr a year living in the region of Odense, Denmark, you will be taxed 49,076 kr. That means that your net pay will be 100,996 kr per year, or 8,416 kr per month. Your average tax rate is 32.7% 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 32.42 kr, hence, your net pay will only increase by 67.58 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.
NOTE* Withholding is calculated based on the Odense 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.