Calculate your net income using a salary calculator
Calculate your net income using a salary calculator
For beginners, and sometimes even for experienced employees, calculating the exact amount they will ultimately receive from their gross salary can be a challenge. Fortunately, this doesn't require complex mathematical operations, just a salary calculator: you simply enter your gross salary, that is, your total wage, and you can immediately see how much money you will have to manage for the given month.
Why is a salary calculator important?
If you have decided that you want to work alongside your studies, your first step is to start Browse available job advertisements, then you submit your application, and finally – if you're lucky – you'll have a job interview. By this point at the latest, you will be informed of the salary you can expect, but it's good to know that this is still just the gross amount, from which various taxes and contributions must be deducted.
You could do this by using a calculator to subtract the amounts in question, but there is undoubtedly a high margin for error, and moreover, very few people are aware of exactly which liabilities need to be considered when calculating net wages.
Furthermore, if you are only told your gross hourly wage, the situation becomes even more complicated, as you cannot know in advance how many hours you will need to work in a given month to reach the goal you have set for yourself.
And what if you have to choose between two jobs, one of which promises a higher hourly wage, but where you can work fewer hours per month? How do you know which will be the right job for you?
In all of the above situations, a salary calculator can help. You simply enter the necessary data, and after a single click, you can see exactly what net income you can expect.
What can young employees expect?
It is important to know that if you are under the age of 25, you are entitled to an exemption from personal income tax. This means this 15 percent charge does not have to be deducted from your gross salary – provided that your gross salary does not exceed the prescribed limit, which was HUF 576,601 in 2024.
Additionally, it is also worth being aware that as a member of a school cooperative while pursuing full-time studies, no contributions are deducted from your salary. However, you will still be entitled to healthcare based on your student status. In this case, your gross salary is practically the same as your net salary – which is a very significant benefit.
How does the Y Diák salary calculator work?
If you would like to calculate the amount of net income you can expect, simply enter the gross hourly wage and the number of hours to be worked into the appropriate fields of the PIT (Personal Income Tax) calculator, and you will immediately see your expected net income in the right-hand column.
Calculate and compute without registration or obligations on the Y Diák online platform!
