Income tax calculator Israel
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₪ 318,500
Income Tax
- ₪ 61,123
National Insurance
- ₪ 17,281
Health Insurance
- ₪ 14,482
Total tax
- ₪ 92,886
Net pay
*
₪ 225,614
Marginal tax rate
42.8%
Average tax rate
29.2%
70.8%
Net pay
29.2%
Total tax
Total tax
Net pay
The Taxberg
₪ 225,614
Net pay
₪ 21,129
Tax the employer pays
₪ 92,886
Tax you pay
Total tax paid
₪ 114,015
Did you know your employer also pays tax on your salary? It costs the employer ₪ 21,129 to pay you ₪ 318,500. In other words, every time you spend ₪ 10 of your hard-earned money, ₪ 3.58 goes to the government.
Real tax rate
33.6%
So, with you and the employer both paying tax, what used to be a 29.2% tax rate now rises to 33.6%, meaning your real tax rate is actually 4.4% higher than what it seemed at first.
Summary
If you make ₪ 318,500 a year living in Israel, you will be taxed ₪ 92,886. That means that your net pay will be ₪ 225,614 per year, or ₪ 18,801 per month. Your average tax rate is 29.2% and your marginal tax rate is 42.8%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of ₪ 100 in your salary will be taxed ₪ 42.80, hence, your net pay will only increase by ₪ 57.20.
Bonus Example
A ₪ 1,000 bonus will generate an extra ₪ 572 of net incomes. A ₪ 5,000 bonus will generate an extra ₪ 2,860 of net incomes.
NOTE* Withholding is calculated based on the tables of Israel, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.