Income tax is calculated according to progressive rates. Multiple additional factors may impact overall rates such as the household status, the number of children, and the municipality where the employee lives.
Gross Annual Income | National Tax Rate (%) | Municipal Tax Rate (%) |
---|---|---|
Up to SEK 598,500 | 0% | 32% |
Over SEK 598,500 | 20% | 32% |
Monthly costs
*Social Security Contributions cover the mandatory employer contributions towards health insurance, parental insurance, retirement and survivor's pension, labor market, worker's compensation, and general payroll tax. The estimated cost varies for employees born between 2005 and 2007, between 1938 and 1956, or in 1937 or earlier.
**The exact cost for Long-Term Disability Insurance will be determined on enrolment and varies based on the employee’s salary and age.
Annual costs
Holiday pay - 12% of the employee’s variable payments (salary, bonus, overtime compensation, etc.) during the vacation year (April to March)