Net Salary Calculator of employee for Greece. Updated for 2019 - Vasilis Vontikakis

Type of employee

this calculation is for employee type and not for craftsman type of worker who work 40 hours per week.

Overwork time

is 5 hours of those who work 5 days per week on 40 hours and 8 hours on employees that work 6 days per week on there is 20% add in hourly rate.

Overtime

is 46th our hours of those who work 5 days per week on 40 hours. The 48th hour of employees that work 6 days per week on there is 20% add in hourly rate.

Day off hours

are working hours on Sundays and official holidays, employees get paid 75% more and are 25 December, 25 March, Monday after Easter, 15 August and first May after the decision of 1st May each year.

Part time

if daily salary is higher than the first insurance class the then pension days are the real working days. If daily salary is lower than gross salary is divided by the first insurance class. Example for 4 hours days per week the total insured days are 22. Calcutation methods is hourly rate based insured day alternatively there is also the method of full time ratio based salary.

In turn employment

for an employee who works 3 days per week in 8 hours he will be insured for 4 days on the other hard if he works 2 days per week he will be insured for 2 days.

Sick leave day

Sick leave day is calculated only for the case of up to 3 days perious without reduction of 50% of gross daily salary.

Christmas Benefit

is one month salary or 25 daily rates for someone who working continuesly from 1th May to 31 December. If the duration of time is the the benefit is calculated based on 2/25 of monthly salary or 2 daily rates for every 19 working days.

Easter Benefit

is a half month salary or 15 daily rates for someone who working continuesly from 1Jan to 30 April. If the duration of time is the the benefit is calculated based on 2/25 of monthly salary or 2 daily rates for every 19 working days.

Student Practice from higher studies

working practice for students is calculated on 80% of minimum wage of a worker as is defined in national union contract. Employer insurance contribution is 1% and employee insurance contribution is 0%.

Students from Unemployment office

have salary 75% of minimum wage of a worker as is defined in national union contract. Employer and employee insurance are calculted of the half(1/2) of the daily rate salary.

Working with Ergosimo

It is a special case of employment staff providing work at frequent time intervals and covering cases such as gardening or home care services. Ergosimio issued by banks or postal savings bank, the calculator here does not cover this case.

Working as contract type

It is a special case of employment that start his own business if certain crieteria are met such working up to three employers his income can be taxed as an employee and not as business. This case is not covered in this calculator.

Employee Income Tax

	Income Tax (%)	Tax Total Threshold
20.000	22%	4.400,00
30.000	29%	2.900,00
40.000	37%	3.700,00
> 40.000	45%

income tax discount according to laws(παρ. 1 του άρθρου 16 του Ν 4172/2013) and (παρ. 2 του άρθρου 112 του Ν 4387/2016)

1.900 Euro without child
1.950 Euro with 1 child
2.000 Euro with 2 children
2.100 Euro for 3 children and above

There is reduction on income tax discount 10 euros for every 1000 above the level of 20.000 euros

Helper Tax

Income	Helper tax
0 - 12.000	0%
12.001 - 20.000	2,2%
20.001 - 30.000	5%
30.001 - 40.000	6.5%
40.001 - 65.000	7.5%
65.001-220.00	9%
> 220.000	10%

Νational collective labor agreement

Law 4046/2012 και την Π.Υ.Σ. 6/28-2-2012 and 4601/304/12-3-2012 01 Φεβ 2019 minimuμ wage will increased around 11% around 650Ε, the threshold under 25 years wε be removed
Daily Gross Rate - worker

Monthly Salary - Employee more info about collective bargaining aggrements can be found in the website of OMED (omed.gr)

accounting services

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Disclaimer This calculator is designed to be informational tool only, and when used alone, do not constitute advice. We strongly recommend that you seek the advice of a a professional accountant. Website vontikakis.com and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Website vontikakis.com is not responsible for any human or mechanical errors or omissions.