Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
173,420 kr
Direct Federal Tax 12,11%
- 19,289 kr
Communal tax
- 35,984 kr
Church tax
- 1,522 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 57,931 kr
Net pay
* 115,489 kr
Marginal tax rate
33.2%
Average tax rate
33.4%
66.6%
Net pay
33.4%
Total tax
Total tax
Net pay
Summary
If you make 173,420 kr a year living in the region of Stevns, Denmark, you will be taxed 57,931 kr. That means that your net pay will be 115,489 kr per year, or 9,624 kr per month. Your average tax rate is 33.4% and your marginal tax rate is 33.2%. 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 33.17 kr, hence, your net pay will only increase by 66.83 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 668 kr of net incomes. A 5,000 kr bonus will generate an extra 3,342 kr of net incomes.
NOTE* Withholding is calculated based on the Stevns 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.