What is the minimum gross wage in Estonia?2017-04-242021-12-06https://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, 2022
EUR 654 per month
EUR 3,86 per hour
Example of Payroll Preparation
DESCRIPTION
Amount €
Calculation
GROSS WAGES, EUR
654
SOCIAL TAX, 33%, EUR
215,82
654 * 33%
UNEMPLOYMENT INSURANCE, 0.8%, EUR
5,23
654 * 0,8%
INCOME TAX WITH A NON-TAXABLE AMONUT OF EUR 500, 20%, EUR
26,09
(654 - 500 - 13,08 - 10,46) * 20%
PENSION INSURANCE, 2%, EUR
13,08
654 * 2%
UNEMPLOYMENT INSURANCE, 1.6%, EUR
10,46
654 * 1,6%
NET WAGES, EUR
604,37
654 - 26,09 - 13,08 - 10,46
The amount of all taxes is EUR 270,68
Net wages is EUR 604,37
Employer’s expense is EUR 875,05
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