Salary calculator

This salary calculator helps you to get a net salary from gross salary and vice versa using SRS data in Latvia.


Calculation result

Net salary (take-home) 716.00 EUR
Social tax 10.5% 105.00 EUR
Personal income tax 20% 179.00 EUR
Social tax, employer's part 23.59% 235.90 EUR
Business risk fee 0.36 EUR
Total employer's expenses 1236.26 EUR

Please do not use this data for real salary calculations.

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Differentiated non-taxable minimum

In the field "non-Taxable minimum" is specified "0", because now it is not a fixed data, you have to specify this minimum in accordance with the data of the SRS or taxpayer's predicted minimum.

The maximum non-taxable minimum per year is:

  • In 2019 — 2760 EUR,
  • In 2020-2021 — 3600 EUR.

The non-taxable minimum is 0 EUR:

  • In 2019 — if the annual taxable income is more than 13 200 EUR, for example, the salary is 1101 EUR per month;
  • In 2020 — if the annual taxable income is more than 14 400 EUR, for example, the salary is 1201 EUR per month.
  • In 2021 — if the annual taxable income is more than 21 600 EUR, for example, the salary is 1801 EUR per month.

Progressive monthly income tax rate

The rate of 20% on monthly income is up to 1667 EUR.

The rate of 23% on the part of the monthly income after 1667 EUR.

Progressive annual income tax rate

The rate of 20% on annual income up to 20004 EUR.

The rate of 23% on the part of annual income exceeding 20004 EUR and up to 62800 EUR.

In 2018-2020 the rate of 31.4% on the annual income exceeding 62800 EUR when filing the annual Declaration.

In 2021 the rate of 31% on the annual income exceeding 62800 EUR when filing the annual Declaration.

Minimum wage

The minimum wage within the normal working time is 430 EUR per month in 2019/2020, 500 EUR — in 2021.

The minimum wage is defined in the Cabinet of Ministers Regulation No. 656.



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