calculo-ssThe contribution of companies and workers to Social Security is extremely complex; however, we must not skip it since it may represent a considerable payment for any company. For that reason, we have developed some examples that will allow you to have a better idea of the amounts you should consider.

Example 1: The ACME Company hires John Smith with a salary of 20,000 euro, full time (40 hours per week)

Working hours: 40 hours per week

Annual Gross Salary: 20,000.-€

Base of the contribution 1,666.66 € per month.

Social Security cost 631.66 €:

● Company (31.55%),

● Worker (6.35%),

● Total percentage 37.90%.

Withholding (I.R.P.F.) 9.26% (married with two children)

DETAIL

MONTHLY

ANNUAL

Gross Salary:

1,666.66.-€

20,000.00.-€

Withholding Soc. Sec. worker 6.35%

105.83.-€

1,270.00.-€

Withholding I.R.P.F 9.26%

154.33.-€

1,852.00.-€

Liquid Salary worker

1,406.50.-€

16,878.00.-€

Total Cost Company (Gross salary + Soc. Sec. Company (31.55%)

2,192.49.-€

26,309.88.-€

We must observe, in consequence, that with a gross salary of 20,000 euro the company faces a total expense of 26,309 euro and the worker will receive, in his/her account, 16,878 euro (the IRPF withholding shall be considered as an advance payment of the worker’s income tax, which the company will deliver directly to the Tax Agency on the worker’s behalf.

Example 2: ACME hires a new worker with a gross salary of 45,000 euro, 40 hours per week

Working hours: 40 hours per week

Annual Gross Salary: 45,000 €

Base of the contribution 3,642 € per month (Maximum base)

Social Security Cost 1,380.30 €:

● Company (31.55%),

● Worker (6.35%),

● Total percentage 37.90%.

Withholding (I.R.P.F.) 20,10% (married with two children)

DETAIL

MONTHLY

ANNUAL

Gross Salary

3,750.00.-€

45,000.00.-€

Withholding Soc. Sec. worker 6.35%

231.26.-€

2,775.20.-€

Withholding I.R.P.F 20.10%

753.75.-€

9,045.00.-€

Liquid Salary:

2,764.99.-€

33,179.80.-€

Total Cost Company (Gross salary + Soc. Sec. Company (31.55%)

4,899.05.-€

58,788.40.-€

We must observe, in consequence, that with a gross salary of 45,000 euro the company faces a total expense of 58,788 euro and the worker will receive, in his/her account, 33,179 euro (the IRPF withholding shall be considered as an advance payment of the worker’s income tax, which the company will deliver directly to the Tax Agency on the worker’s behalf.

We take this opportunity to greet you kindly and remind you that we are at your disposal to resolve any doubt that may arise regarding this subject

Consulting Area

Uso de cookies

no dejes de leer el aviso de privacidad de nuestra web.

ACEPTAR
Aviso de cookies
Free WordPress Themes, Free Android Games