Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
29,744 kr
Direct Federal Tax 12,11%
- 3,308 kr
Communal tax
- 5,616 kr
Church tax
- 204 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 10,265 kr
Net pay
* 19,479 kr
Marginal tax rate
33.1%
Average tax rate
34.5%
65.5%
Net pay
34.5%
Total tax
Total tax
Net pay
Summary
If you make 29,744 kr a year living in the region of Ringsted, Denmark, you will be taxed 10,265 kr. That means that your net pay will be 19,479 kr per year, or 1,623 kr per month. Your average tax rate is 34.5% and your marginal tax rate is 33.1%. 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 33.13 kr, hence, your net pay will only increase by 66.87 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 669 kr of net incomes. A 5,000 kr bonus will generate an extra 3,344 kr of net incomes.
NOTE* Withholding is calculated based on the Ringsted 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.