Norway

Individual - Sample personal income tax calculation

Last reviewed - 23 January 2024

Tax computation	Standard (NOK)
Salary	900,000
Company car	94,990
Personal income	994,990

Capital gains (e.g. dividends, sale of shares)	5,000
Interest on bank deposit	2,500
60% adjustment of income from shares	3,000
Minimum deduction	(109,950)
Interest expenses on mortgage and loss	(40,000)
Travelling costs to and from work (less NOK 14,000)	(4,000)
Ordinary income (net income)	851,540

Personal deduction	(58,250)

Bracket tax (1.70% of personal income in excess of NOK 190,350, 4.00% in excess of NOK 267,900, 13.40% in excess of NOK 643,800, 17.40% in excess of NOK 969,200, and 17.2% in excess of NOK 2 million)	64,188
Social security (8.0% of personal income)	79,599
Income tax (22% of ordinary income less personal deduction)	174,524
Total tax and social security (includes tax on dividends, sale of shares, interests)	318,310

Net cash income after taxes (does not include dividends, sale of shares, interests)	581,690

Employer’s contribution to social security (14.1%)	140,294