Salary Calculator
Convert pay between hourly, weekly, monthly and annual, adjusted for holidays.
About Salary Calculator
This converts your gross annual salary into common pay periods and estimates take-home pay using an effective tax rate you provide. Because tax rules vary widely by location, entering your own effective rate keeps the estimate accurate for you.
Formulas
Annual take-home
Take-Home = Gross × (1 − Effective Tax Rate)
- G
- Gross annual salary
- t
- Effective tax rate (decimal)
Gross hourly rate
Hourly = Annual ÷ (Hours per Week × 52)
- H
- Gross hourly rate
- h
- Hours worked per week
Worked example
With the default values below, Salary Calculator returns Estimated Take-Home (Year) of $58,500. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Annual Gross Salaryaccepts 0–5,000,000 $
- 75,000 $
- Hours per Weekaccepts 1–100 hrs
- 40 hrs
- Estimated Effective Tax Rateaccepts 0–60 %
- 22 %
Results
- Estimated Take-Home (Year)
- $58,500
- Take-Home / Month
- $4,875.00
- Take-Home / Biweekly
- $2,250.00
- Take-Home / Week
- $1,125.00
- Gross Hourly Rate
- $36.06
Step by step
- 1Gross annual salary= $75,000
- 2Estimate taxes withheld at your effective rate= $16,500
- 3Annual take-home pay: Gross − Taxes= $58,500
- 4Monthly take-home: Annual ÷ 12= $4,875.00
- 5Biweekly take-home: Annual ÷ 26= $2,250.00
- 6Gross hourly rate: Annual ÷ (Hours/week × 52 weeks)= $36.06
Assumptions and limits
- The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation or fees or charges into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Estimates only and not tax advice. Consult a tax professional for exact figures.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Salary Calculator — full guide
One annual number, five useful ones
A job offer arrives as a single figure: gross pay for the year. Rent, loan instalments and subscriptions are charged monthly or fortnightly, and contract work is quoted by the hour. This calculator splits the annual figure into take-home pay per month, per biweekly period and per week, and shows the gross hourly rate alongside it.
That matters when you are weighing a salaried role against an hourly contract, checking a payslip against what you were promised, or working out what a raise actually adds to each deposit.
Three inputs, two formulas
Take-Home = Gross × (1 − Effective Tax Rate)
Hourly = Annual Gross ÷ (Hours per Week × 52)
The effective tax rate is yours to supply. It is not your top bracket; it is total tax and mandatory deductions divided by gross pay, which always comes out lower. Brackets, local taxes and payroll deductions differ too much between countries and states for a calculator to guess, so it asks you for the blended number instead.
The defaults, step by step
Gross $75,000, 40 hours a week, effective rate 22%.
- Annual take-home: 75,000 × (1 − 0.22) = $58,500
- Per month: 58,500 ÷ 12 = $4,875
- Per biweekly period: 58,500 ÷ 26 = $2,250
- Per week: 58,500 ÷ 52 = $1,125
- Gross hourly: 75,000 ÷ (40 × 52) = 75,000 ÷ 2,080 = $36.06
| Period | Take-home |
|---|---|
| Year | $58,500 |
| Month | $4,875 |
| Biweekly | $2,250 |
| Week | $1,125 |
Reading the output
The biweekly figure trips up most budgets. Twenty-six fortnightly deposits are not twelve monthly ones: if you divide 58,500 by 24 you get $2,437.50, so two months each year carry a third paycheque. Budget on $2,250 and treat the extras as buffer.
The hourly rate is deliberately gross, so it lines up with a contractor's quoted rate before their own tax. It is also sensitive to the hours field: the same $75,000 is $38.46 an hour at 37.5 hours and $32.05 at 45.
Assumptions baked in
- Exactly 52 weeks a year. Real calendars add a day or two, which shifts the weekly figure slightly.
- One flat rate across the whole salary, so a mid-year raise or a bonus will move your real effective rate.
- Pre-tax deductions such as retirement contributions are not itemised. Fold them into the rate you enter if you want them reflected.
Estimates only, not tax advice. For a bracket-by-bracket figure use the income tax calculator; to see deductions line by line try the take-home paycheck calculator; to project what the leftover becomes, open the investment calculator.
Estimates only and not tax advice. Consult a tax professional for exact figures.
Frequently Asked Questions
What's an 'effective tax rate'?
It's the overall percentage of your income that goes to taxes and mandatory deductions combined — usually lower than your top marginal bracket.
Why not calculate exact taxes?
Tax brackets, local taxes, and deductions differ by country and state. Using your own effective rate gives a personalized, accurate figure without guessing your jurisdiction.
My employer pays fortnightly but my bills are monthly — which take-home figure do I budget on?
Budget on the biweekly number, $2,250 on the defaults, multiplied by two each month. Dividing the annual $58,500 by 24 gives $2,437.50, which is not what lands in your account. Twenty-six payments mean two months a year contain a third paycheque. Plan on 24 and treat the other two as surplus.
Should I enter base salary only, or include my bonus and overtime?
Enter only the pay you can count on. Bonuses and overtime are often taxed differently and are not guaranteed, so including them inflates every per-period figure. Run the base first for your budget, then run a second calculation with the bonus added if you want to see the upside separately.
I am salaried and work about 45 hours but am contracted for 40 — what goes in Hours per Week?
Both answers are useful. Entering 40 gives the contractual rate, $36.06 on the defaults. Entering 45 gives what you actually earn per hour worked, $32.05 — an 11% gap. Use the contracted figure when comparing offers on paper and the real figure when deciding whether the role is worth the extra hours.
How do I work backwards from an hourly rate I want to a salary to ask for?
Multiply the rate by your hours and by 52. A target of $40 an hour at 40 hours a week needs 40 × 40 × 52 = $83,200 gross. Put that in the Annual Gross Salary field with your effective rate to check the take-home: at 22% it is $64,896 a year, or $5,408 a month.