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 14,950)	(4,000)
Ordinary income (net income)	851,540

Personal deduction	(88,250)

Bracket tax on personal income: 1.7% between NOK 208,051 and NOK 292,850 4.0% between NOK 292,851 and NOK 670,000 13.6% between NOK 670,001 and NOK 937,900 16.6% between NOK 937,901 and NOK 1,350,000 17,6% for income exceeding NOK 1,350,000	121,370
Social security (7.8% of personal income)	77,609
Income tax (22% of ordinary income less personal deduction)	167,923
Total tax and social security (includes tax on dividends, sale of shares, interests)	366,911

Net cash income after taxes (does not include dividends, sale of shares, interests)	533,089

Employer’s contribution to social security (14.1%) Including 5% additional employer`s contributions of everything that exceeds NOK 850,000 (19.1%) In total:	140,294 27,693 167,987