Tax Calculator
Estimate income tax with a configurable tax rate and deductions, then see your effective rate and after-tax income.
Estimated tax
$12,100.00
Taxable income
$55,000.00
After-tax income
$47,900.00
Effective rate
20.2%
Take-home: $47,900.00Estimated tax: $12,100.00
This simplified estimate uses the rate you enter. It does not model country-specific brackets, credits, payroll taxes, or local rules.
Formula
Taxable income = gross income − deductions
Estimated tax = taxable income × entered tax rate
How it works
- 1
Enter annual income
Use gross income before tax and payroll deductions.
- 2
Add known deductions
Include only deductions applicable in your jurisdiction.
- 3
Use a planning rate
Enter an estimated rate and compare the result with official guidance.
Common use cases
- Setting aside freelance tax
- Estimating after-tax income
- Comparing deduction scenarios
- Planning quarterly payments
- Checking a payslip estimate
- Creating an annual budget
Frequently Asked Questions
- No. It is a transparent single-rate estimate because brackets and credits vary by country.