Broadwing Employment Agency is offering a free tool to calculate your weekly, monthly, or yearly net salary based on the tax rates in Malta. This simple tool gives a clear breakdown of gross salary and deductions including tax, Social Security contributions (SSC/NI), government bonuses and most importantly the net salary you take home.
Read more about Malta’s 2024 Payroll Adjustments & Employee Benefits
Include Secondary Income (Part Time)
I'm a Student
I'm under 18 years old
I was born before 1962
Calculate SSC at 10% (Only for Category B)
| Period | Weekly | Monthly | Yearly |
|---|---|---|---|
| Gross Salary | |||
| NI ^ | |||
| Tax | |||
| Statutory Bonus# | € 9.86 ** | € 42.71 ** | € 512.52 # |
| NET Salary |
| Period | Weekly | Monthly | Yearly |
|---|---|---|---|
| Gross Salary | |||
| Tax | |||
| NET Salary |
| Period | Weekly | Monthly | Yearly |
|---|---|---|---|
| Gross Salary | |||
| NI ^ | |||
| Tax | |||
| Statutory Bonus# | € 9.86 ** | € 42.71 ** | € 512.52 # |
| NET Salary |
| Employer Payroll Summary (Primary Income) | |||||||
|---|---|---|---|---|---|---|---|
| Employee SSC^ |
Employer SSC^ |
Tax | Maternity^ | Total Due IRD |
Net Salary |
Grand Total |
|
| Yearly | |||||||
| Monthly | |||||||
| Employer Payroll Summary (Primary Income) | |||||||
|---|---|---|---|---|---|---|---|
| Yearly (€) | Monthly (€) | ||||||
| Employee SSC^ | |||||||
| Employer SSC^ | |||||||
| Tax | |||||||
| Maternity^ | |||||||
| Total Due IRD | |||||||
| Net Salary | |||||||
| Grand Total | |||||||
Updated on 22/01/2024
* Monthly average, dependent on month having 4 or 5 weeks
** Not included in net salary calculation for period
^ The yearly NI and maternity fund contributions are calculated using the number of Mondays in the selected year. The weekly and monthly values are purely for informational purposes and are calculated by dividing the yearly NI by 52 weeks and 12 months respectively.
#1 The Statutory Bonus of €135.10 is paid every six months and equates to €0.74 per calendar day including Saturdays and Sundays on a pro-rata basis. Payments are made at the end of June and December and will be included in your payslips.
↻ Includes Tax on Statutory Bonus
#2 The Statutory Weekly Allowance of €121.16 is paid every six months and equates to €4.66 per working week or a proportion thereof. Payments are made at the end of March and September and will be included in your payslips.
Understand how your payroll is set to change in 2024 through updated social security contributions, tax rates, vacation & sick leave, benefits and more.
Check My Salary was developed to calculate the take-home salary (NET salary) of any individual working in Malta and to provide a breakdown of the Tax and National Insurance (SSC).
The calculator can be used by anyone that fits within any category of Class 1 Social security Contributions.
Yes any expected bonuses and allowances are included in an employee’s payslip and are taxable according to the applicable tax rate of the individual.
You can read the Malta Payroll Adjustments & Employee Benefits published by Broadwing Recruitment or check with the Commissioner for Revenue in Malta. Broadwing Employment Agency is also happy to assist you directly or by directing you to relevant contacts who can answer any queries you may have.
If you are working in Malta, you are required to declare all your income, from whatever source and including income of your spouse or dependent children. This must include any income derived from Malta and any other EU and non-EU member states.
A government bonus is a small bonus that is added to your salary by the employer, at a predetermined rate, to help cover the cost of living. It is calculated on a pro rata basis based on the weekly hours worked. This bonus is taxable.
The full statutory bonus is payable every six (6) months.
For more information on Malta’s Government Bonuses click here.
An individual qualifies of the parent tax rate if they have a:
Child up to 18 years of age
or
Child up to 23 years of age who has a combined income of less than €2000/year from stipends and employment.
The tax rate is applied automatically if:
The parents are married
Single Mothers
For a single father to qualify for the Parent Tax Rate, they must request a document from the Courts of Malta and submit a ‘Parent Rate Application Form’ available from the Inland Revenue website.
Malta enables married couples to file a joint tax computation whereby their partners’ incomes are aggregated, and tax on the global income is calculated.
Since the Married Rates use joint computation, we only advise using the married tax rate in the event that one spouse is in employment.
