Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
€ 21,680
Income Tax
- € 1,189
Health care
- € 661
Pension
- € 1,734
Dependency Insurance
- € 206
Total tax
- € 3,791
Net pay
* € 17,889
Marginal tax rate
28.4%
Average tax rate
17.5%
82.5%
Net pay
17.5%
Total tax
Total tax
Net pay
Summary
If you make € 21,680 a year living in Luxembourg, you will be taxed € 3,791. That means that your net pay will be € 17,889 per year, or € 1,491 per month. Your average tax rate is 17.5% and your marginal tax rate is 28.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of € 100 in your salary will be taxed € 28.39, hence, your net pay will only increase by € 71.61.
Bonus Example
A € 1,000 bonus will generate an extra € 716 of net incomes. A € 5,000 bonus will generate an extra € 3,581 of net incomes.
NOTE* Withholding is calculated based on the tables of Luxembourg, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.