Income tax calculator Israel
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₪ 331
Income Tax
- ₪ 95.41
National Insurance
- ₪ 15.50
Health Insurance
- ₪ 12.10
Total tax
- ₪ 123
Net pay
*
₪ 208
Marginal tax rate
45.4%
Average tax rate
37.2%
62.8%
Net pay
37.2%
Total tax
Total tax
Net pay
The Taxberg
₪ 208
Net pay
₪ 17.96
Tax the employer pays
₪ 123
Tax you pay
Total tax paid
₪ 141
Did you know your employer also pays tax on your salary? It costs the employer ₪ 17.96 to pay you ₪ 331. In other words, every time you spend ₪ 10 of your hard-earned money, ₪ 4.26 goes to the government.
Real tax rate
40.4%
So, with you and the employer both paying tax, what used to be a 37.2% tax rate now rises to 40.4%, meaning your real tax rate is actually 3.2% higher than what it seemed at first.
Summary
If you make ₪ 688,480 a year living in Israel, you will be taxed ₪ 255,845. That means that your net pay will be ₪ 432,635 per year, or ₪ 36,053 per month. Your average tax rate is 37.2% and your marginal tax rate is 45.4%. 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 ₪ 45.38, hence, your net pay will only increase by ₪ 54.62.
Bonus Example
A ₪ 1,000 bonus will generate an extra ₪ 546 of net incomes. A ₪ 5,000 bonus will generate an extra ₪ 2,731 of net incomes.
North America
Country
Net pay
Average tax
Rank
USA
ILS 468391
32.0%
1
Canada
ILS 406328
41.0%
2
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.