Austria
Individual - Sample personal income tax calculation
Last reviewed - 20 January 2025
Typical tax computation for 2025, based on the projected law and tax rates in effect as of 1 January 2025
Assumptions:
- Resident husband and wife
- Two dependent children
- Husband is sole earner:
- Employment in Austria (Austrian employer).
- Austrian social security.
- Employment income paid in 14 instalments.
- Interest income from bank deposits (EUR 11,250)
- Dividends from abroad (DTT country) (EUR 7,030 comparable to Austrian dividends)
| Tax computation |
EUR |
EUR |
| Salary |
|
77,000.00 |
| Less: Tax-favoured portion (13th and 14th salaries) ((77,000 / 14) x 2) |
(11,000.00) |
|
| Less: Social security contributions |
(11,926.20) |
|
| Less: Standard allowance: Business expenses |
(132.00) |
(23,058.20) |
| Taxable income |
|
53,941.80 |
| Tax thereon |
|
13,169.80 |
|
|
|
| Less: Personal allowances: Family bonus plus |
(4,000.00) |
|
| Less: Personal allowances: Sole earner |
(813.00) |
|
| Less: Personal allowances: Transportation credit |
(487.00) |
(5,300.00) |
| Income tax |
|
7,869.80 |
| Income tax on 13th and 14th salaries ((77,000 / 14) x 2) |
11,000.00 |
|
| Social security contributions |
(1,877.70) |
|
| For 13th and 14th salaries |
(620.00) |
|
| Tax on assessment basis (6% of 8,502.30) |
8,502.30 |
510.14 |
| Add: 25% special tax on interest and 27.5% on dividends |
|
4,745.75 |
| Income tax liability |
|
13,125.69 |
| Foreign tax credit for WHT on dividends (assume 10% of 7,030) |
|
(703.00) |
| Total income tax payable |
|
12,422.69 |
