Before you whip out your calculator, start poring over income tax tables after your trading in exness fx, and get dizzy with all the numbers, here's a tip on how you can determine your net salary in no time at all. Cortal Consors offers you a gross/net calculator online as a service.
You probably already have all the information you need to use the calculator in your head. So you can quickly examine the result and then also perform a few thought games (What would happen if I earned more?).
The most likely questions are the information about the federal state and the annual allowance.
You specify your state because church tax can vary by state. In addition, as shown above, the contribution assessment limits for general pension insurance and unemployment insurance differ depending on whether you live in the old or new federal states. In addition, there are special regulations regarding the employee contribution to nursing care insurance in Saxony (more information here).
You should indicate any existing tax allowances, as these can increase your net salary.
By the way: There is a large number of allowances - for example the child allowance, the education allowance and the single parent allowance, without this being a complete list. If you have never claimed any tax allowances, it is best to consult your tax advisor.
Tips: Increase your net salary without a salary increase!
Wringing a salary increase out of your boss can sometimes be quite difficult. Tips on how you too can increase your net salary without a pay rise can be found below:
Allowances: Check which allowances apply to you. By claiming allowances, you will ideally have more of your gross salary left over each month than before. That way, you won't have to wait a long time for a tax refund.
Tax classes: Choose your tax class wisely if you are married. The classic combination is tax class III and V, if one partner earns significantly more than the other. The partner with the higher salary chooses tax class III, while spouses with roughly the same salary often both choose tax class IV. However, consult your tax advisor for advice on all options.
Gifts from the boss: Check what is more worthwhile - asking for a salary increase or claiming additional benefits free of tax and social security contributions. Bring the latter into play in negotiations with the boss if you come to the conclusion that a salary increase would be too much eaten up by taxes in your case.
The most important points at a glance:
Gross salary is usually higher than net salary.Gross salary has not yet had social security and tax deductions.
The net salary is the salary that the employer transfers to you.
The amount of the net salary can fluctuate as life circumstances change - even if the gross salary is not subject to change.
The gross-net calculator from Cortal Consors can help you determine your net salary.
There are a number of ways to increase your net salary even without a salary increase. Among other things, there is the clever choice of tax brackets for married couples and the application of tax allowances.
