Income tax calculator Norway
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
120,423 kr
National Insurance Contribution
- 9,634 kr
Common Tax
- 1,491 kr
Total tax
- 11,125 kr
Net pay
*
109,298 kr
Marginal tax rate
19.9%
Average tax rate
9.2%
90.8%
Net pay
9.2%
Total tax
Total tax
Net pay
The Taxberg
109,298 kr
Net pay
16,980 kr
Tax the employer pays
11,125 kr
Tax you pay
Total tax paid
28,105 kr
Did you know your employer also pays tax on your salary? It costs the employer 16,980 kr to pay you 120,423 kr. In other words, every time you spend 10 kr of your hard-earned money, 2.33 kr goes to the government.
Real tax rate
20.5%
So, with you and the employer both paying tax, what used to be a 9.2% tax rate now rises to 20.5%, meaning your real tax rate is actually 11.3% higher than what it seemed at first.
Summary
If you make 120,423 kr a year living in Norway, you will be taxed 11,125 kr. That means that your net pay will be 109,298 kr per year, or 9,108 kr per month. Your average tax rate is 9.2% and your marginal tax rate is 19.9%. 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 19.89 kr, hence, your net pay will only increase by 80.11 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 801 kr of net incomes. A 5,000 kr bonus will generate an extra 4,006 kr of net incomes.
NOTE* Withholding is calculated based on the tables of Norway, 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.