What is the minimum gross wage in Estonia?2017-04-242023-12-29https://punamoon.ee/wp-content/uploads/2018/03/p-logo-2-1.pngPUNAMOON OÜhttps://punamoon.ee/wp-content/uploads/2018/03/p-logo-2-1.png200px200px
Minimum gross wage as of January 1, 2024
EUR 820 per month
EUR 4,86 per hour
Example of Payroll Preparation
DESCRIPTION
Amount €
Calculation
GROSS WAGES, EUR
820
SOCIAL TAX, 33%, EUR
270,60
820 * 33%
UNEMPLOYMENT INSURANCE, 0.8%, EUR
6,56
820 * 0,8%
INCOME TAX WITH A NON-TAXABLE AMONUT OF EUR 654, 20%, EUR
27,30
(820 - 654 - 16,40 - 13,12) * 20%
PENSION INSURANCE, 2%, EUR
16,40
820 * 2%
UNEMPLOYMENT INSURANCE, 1.6%, EUR
13,12
820 * 1,6%
NET WAGES, EUR
763,18
820 - 13,12 - 16,40 - 27,30
The amount of all taxes is EUR 333,98
Net wages is EUR 763,18
Employer’s expense is EUR 1097,16
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