Net Salary Calculator: Accurately Estimate Your Annual Take-Home Pay

How to use the tool

• Monthly Base Salary (USD) – Type your fixed pay before tax. Examples: 6 100, 3 750.50.
• Joining / Retention Bonus (USD) – One-time cash. Examples: 9 500, 15 000.
• RSU / Stock Bonus (USD) – Fair-market value of shares vesting this year. Examples: 30 000, 12 000.
• Performance Bonus (USD) – Annual variable pay. Examples: 4 200, 8 200.
• Additional Bonus (USD) – Referral, project or holiday money. Examples: 1 600, 4 500.
• Tax Percentage (%) – Your effective rate, 0–100. Examples: 18, 32.
• Additional Deductions (USD) – 401(k), insurance, union dues. Examples: 750, 2 200.

Formulas used

The calculator runs locally in your browser and applies these steps:

$$ \text{Annual Base}= \text{Monthly Salary}\times12 $$ $$ \text{Total Income}= \text{Annual Base}+ \text{Joining}+ \text{Stock}+ \text{Performance}+ \text{Additional} $$ $$ \text{Tax}= \text{Total Income}\times \frac{\text{Tax %}}{100} $$ $$ \text{Net Annual Salary}= \text{Total Income}-\text{Tax}-\text{Additional Deductions} $$

Example A

• Monthly salary = $6 100
• Total bonuses = $44 300
• Tax = 18 %
• Deductions = $750

Annual base = 6 100 × 12 = 73 200.
Total income = 73 200 + 44 300 = 118 500.
Tax = 118 500 × 0.18 = 21 330.
Net annual salary = 118 500 – 21 330 – 750 = $96 420.

Example B

• Monthly salary = $3 750
• Total bonuses = $39 700
• Tax = 32 %
• Deductions = $2 200

Annual base = 3 750 × 12 = 45 000.
Total income = 45 000 + 39 700 = 84 700.
Tax = 84 700 × 0.32 = 27 104.
Net annual salary = 84 700 – 27 104 – 2 200 = $55 396.

Quick-Facts

• Average U.S. effective federal income-tax rate: 13.6 % (IRS SOI, 2022).
• Employer-paid benefits equal 31 % of total compensation (BLS Employer Costs, 2023).
• RSUs typically vest over four years with a one-year cliff (Carta Equity 101, 2023).
• 401(k) employee contribution limit for 2024: $22 500 (IRS Notice 2023-75).
• “The effective rate is what really matters for take-home pay,” IRS Publication 17 states (IRS, 2023).

FAQ

What is net salary?

Net salary is your pay after subtracting income taxes and all other payroll deductions from gross earnings (IRS Publication 15, 2023).

How does the calculator handle taxes?

You supply one overall rate; the script multiplies that percentage by total income, mirroring an effective rate approach used by financial planners (Korn, 2022).

Should I include RSUs before they vest?

Include only the portion scheduled to vest this year, because unvested shares are not taxable yet (SEC Investor Bulletin, 2023).

How can I estimate my effective tax rate?

Divide last year’s total tax by taxable income on Form 1040; the IRS calls this “effective tax rate” (IRS SOI Table 1.2, 2023).

Can I convert the annual result to monthly take-home?

Yes—simply rac the net annual salary by 12 for an approximate monthly figure.

Does the tool store my data?

No. All calculations occur in your browser, and no values leave your device (MDN Web Docs, 2023).

Why can a bonus reduce net pay?

Large bonuses may push income into a higher marginal bracket, raising total tax and lowering net percentage (Tax Foundation, 2023).

How often should I recalculate?

Re-run the tool after any raise, new bonus, deduction change, or tax-law update—at least once per year is prudent (CFP Board, 2022).

Create Your Own Web Tool for Free

Tool Description:

Create a Web Tool!