Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
240,500 kr
Direct Federal Tax 12,11%
- 26,750 kr
Communal tax
- 48,635 kr
Church tax
- 1,297 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 77,819 kr
Net pay
* 162,681 kr
Marginal tax rate
31.7%
Average tax rate
32.4%
67.6%
Net pay
32.4%
Total tax
Total tax
Net pay
Summary
If you make 240,500 kr a year living in the region of Odense, Denmark, you will be taxed 77,819 kr. That means that your net pay will be 162,681 kr per year, or 13,557 kr per month. Your average tax rate is 32.4% and your marginal tax rate is 31.7%. 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 31.66 kr, hence, your net pay will only increase by 68.34 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 683 kr of net incomes. A 5,000 kr bonus will generate an extra 3,417 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.