What is the minimum gross wage in Estonia?2017-04-242020-12-23https://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, 2021
EUR 584 per month
EUR 3,48 per hour
Example of Payroll Preparation
DESCRIPTION
Amount €
Calculation
GROSS WAGES, EUR
584
SOCIAL TAX, 33%, EUR
192,72
584 * 33%
UNEMPLOYMENT INSURANCE, 0.8%, EUR
4,67
584 * 0,8%
INCOME TAX WITH A NON-TAXABLE AMONUT OF EUR 500, 20%, EUR
12,60
(584 - 500 - 11,68 - 9,34) * 20%
PENSION INSURANCE, 2%, EUR
11,68
584 * 2%
UNEMPLOYMENT INSURANCE, 1.6%, EUR
9,34
584 * 1,6%
NET WAGES, EUR
550,38
584 - 12,60 - 11,68 - 9,34
The amount of all taxes is EUR 231,01
Net wages is EUR 550,38
Employer’s expense is EUR 781,39
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