Examples on tax calculation for the income years 2021 and 2020

These examples show the amount of taxes payable on salary or on pension income for a person resident in Finland.

Examples on tax calculation – 2021

With calculation it is assumed the person:

  • lives in Finland for the whole year
  • is over 18 years of age, single, with no children
  • is not paying church tax
  • receives only salary and/or pension income from Finland

The calculation is based on Helsinki municipality tax level (18 %) and the progressive state tax in 2021.

Table below shows tax on salary income for a person less than 53 years of age:  

Salary a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax* (EUR)

13.000

2.921,07

1.333,50

-

26.000

753,66

1.840,00

2.451,30

52.000

-

1.495,08

11.345,07

103.000

-

531,18

32.856,79

 

Table below shows tax on salary income for a person from 53 years of age:

Salary a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax** (EUR)

13.000

2.956,17

1.333,50

-

26.000

823,86

1.840,00

2.341,93

52.000

-

1.495,08

11.056,95

103.000

-

531,18

32.085,37

 

Table below shows tax on pension income for a person from 53 years of age:

Pension a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax (EUR)

13.000

3.269,59

-

464,28

26.000

-

-

5.248,61

52.000

-

-

15.640,75

103.000

-

-

41.733,25

 

Table below shows tax on a combination of both salary and pension income for a person from 53 years of age:

Pension and salary a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax** (EUR)

13.000+13.000
= 26.000

726,68

1.333,50

2.443,36

26.000+26.000
= 52.000

-

1.495,08

12.062,36

* Withholding on salary includes also pension and unemployment insurance premiums amounting to 7,15 % and 1,40%.

** Withholding on salary includes also pension and unemployment insurance premiums amounting to 8,65 % and 1,40%.

 

Examples on tax calculation - 2020

With calculation it is assumed the person:

  • lives in Finland for the whole year
  • is over 18 years of age, single, with no children
  • is not paying church tax
  • receives only salary and/or pension income from Finland

The calculation is based on Helsinki municipality tax level (18 %) and the progressive state tax in 2020.

Table below shows tax on salary income for a person less than 53 years of age:  

Salary a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax* (EUR)

13.000

2.811,36

1.312,50

-

26.000

632,02

1.770,00

2.548,40

52.000

-

1.434,20

11.533,63

103.000

-

495,80

33.229,23

 

Table below shows tax on salary income for a person from 53 years of age:

Salary a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax** (EUR)

13.000

2.846,46

1.312,50

-

26.000

702,22

1.770,00

2.439,03

52.000

-

1.434,20

11.222,17

103.000

-

495,80

32.457,82

 

Table below shows tax on pension income for a person from 53 years of age:

Pension a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax (EUR)

13.000

3.152,51

-

499,14

26.000

-

-

5.258,20

52.000

-

-

15.793,50

103.000

-

-

42.086,00

 

Table below shows tax on a combination of both salary and pension income for a person from 53 years of age:

Pension and salary a year (EUR)

General deduction municipal taxation (from income) (EUR)

Standard tax credit for work income (from taxes) (EUR)

Final tax** (EUR)

13.000+13.000
= 26.000

606,10

1.312,50

2.503,75

26.000+26.000
= 52.000

-

1.434,20

12.264,28

* Withholding on salary includes also pension and unemployment insurance premiums amounting to 7,15 % and 1,25%.

** Withholding on salary includes also pension and unemployment insurance premiums amounting to 8,25 % and 1,25%.

 

Link to Tax Administration's Tax percentage calculator tax.fi.