Payroll Calculator
Gross and take-home pay per paycheck from a salary or hourly rate, with the deductions you enter.
Your paycheck
Filled in with example values. Replace them with your own.
Currency symbol
Results update as you type.
Result
Net pay: $1,829.89 per paycheck (every two weeks (26 a year))
Take-home pay per paycheck
$1,829.89
- Gross pay$60,000.00 ÷ 26
- $2,307.69
- Income tax12% of $2,307.69
- − $276.92
- Retirement5% of $2,307.69
- − $115.38
- Health insuranceFixed amount
- − $85.50
- Net pay
- $1,829.89
- Net pay per year× 26 paychecks
- $47,577.14
- Deductions per year
- $12,422.80
Each paycheck is rounded to the cent, so 26 paychecks add up to $59,999.94, not exactly $60,000.00. Your employer may handle the difference differently.
Where the gross pay goes
- Take-home pay
- $1,829.89
- Income tax
- $276.92
- Retirement
- $115.38
- Health insurance
- $85.50
- Gross pay
- $2,307.69
How it’s calculated
Gross pay
$60,000.00 ÷ 26 = $2,307.69
Income tax
$2,307.69 × 12% = $276.92
Retirement
$2,307.69 × 5% = $115.38
Net pay
$2,307.69 − $477.80 = $1,829.89
Per year
$1,829.89 × 26 = $47,577.14
How the payroll calculator works
Choose a yearly salary or an hourly rate and how often pay is made. The calculator works out the gross pay for one pay period, takes off each deduction you list, as a percentage of gross pay or a fixed amount, and shows the take-home pay per paycheck and per year.
No tax or contribution rates are built in. Enter the ones that apply to the employee; the result is only as accurate as those figures.
The formula
Gross pay = Yearly salary ÷ Paychecks a year
Gross pay (hourly) = Hourly rate × Hours in the period
Deduction = Gross pay × Rate %, or a fixed amount
Net pay = Gross pay − Σ Deductions
Paychecks a year: weekly 52, every two weeks 26, twice a month 24, monthly 12.
Worked example
A salary of 60,000 paid every two weeks, with deductions of12% and 5% of gross pay and a fixed 85.50. The rates are examples only:
- Gross pay: 60,000 ÷ 26 = 2,307.69
- 12% of 2,307.69 = 276.92
- 5% of 2,307.69 = 115.38
- Deductions: 276.92 + 115.38 + 85.50 = 477.80
- Net pay: 2,307.69 − 477.80 = 1,829.89 per paycheck
Assumptions and limitations
- Every amount is rounded half up to the cent, per paycheck.
- Percentages apply to gross pay. Tax brackets, allowances and caps are not modelled.
- Overtime, bonuses and unpaid leave are not included unless you build them into the hours or salary.
- This is an estimate, not payroll or tax advice.
Frequently asked questions
Why are there no tax rates built in?
Payroll taxes and contributions depend on the country, the state or region, the tax year and each employee’s situation, and they change often. Rather than risk an out-of-date figure, the calculator uses the rates and amounts you enter, for example from a recent payslip or your tax authority.
What is the difference between gross and net pay?
Gross pay is what the employee earns before anything is taken off. Net pay, or take-home pay, is what is left after deductions such as income tax, social contributions, retirement savings and insurance.
Are percentage deductions worked out on gross pay?
Yes, every percentage here is applied to the gross pay for the period. Some real deductions are worked out on a smaller amount, for example income tax after retirement contributions, or use brackets; for brackets, the Tax Calculator can work out the amount to enter here.
What is the difference between biweekly and semi-monthly?
Biweekly means every two weeks, which gives 26 paychecks a year. Semi-monthly means twice a month, usually on fixed dates, which gives 24. The same salary gives a smaller biweekly paycheck than a semi-monthly one.
Does this include what the employer pays on top of the salary?
No, this calculator shows the employee’s side. Use the Employee Cost Calculator for employer taxes, contributions and benefits.