Malta Salary Calculation:
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The Malta Salary Calculator estimates net salary based on gross income, accounting for Malta's progressive income tax and social security contributions for 2021.
The calculator uses the formula:
Where:
Details: Malta has a progressive tax system with tax brackets that increase as income rises. Social security contributions are a flat percentage of gross income.
Tips: Enter your annual gross salary in EUR. The calculator will compute income tax, social security contributions, and net pay.
Q1: Are there any tax exemptions or deductions?
A: This calculator uses standard rates. Actual tax may vary based on deductions, exemptions, or special tax status.
Q2: Is social security rate the same for everyone?
A: The 10% rate is standard for employees. Self-employed and other categories may have different rates.
Q3: Are bonuses taxed differently?
A: Bonuses are typically taxed as ordinary income in Malta.
Q4: How often are social security contributions paid?
A: Typically monthly, deducted directly from salary.
Q5: Does this include other deductions like health insurance?
A: No, this calculator only accounts for income tax and social security.