Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
342,000 kr
Direct Federal Tax 12,11%
- 38,040 kr
Communal tax
- 69,574 kr
Church tax
- 3,465 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 112,215 kr
Net pay
* 229,785 kr
Marginal tax rate
32.9%
Average tax rate
32.8%
67.2%
Net pay
32.8%
Total tax
Total tax
Net pay
Summary
If you make 342,000 kr a year living in the region of Thisted, Denmark, you will be taxed 112,215 kr. That means that your net pay will be 229,785 kr per year, or 19,149 kr per month. Your average tax rate is 32.8% and your marginal tax rate is 32.9%. 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 32.90 kr, hence, your net pay will only increase by 67.10 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 671 kr of net incomes. A 5,000 kr bonus will generate an extra 3,355 kr of net incomes.
NOTE* Withholding is calculated based on the Thisted 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.