Norway
Individual - Sample personal income tax calculation
Last reviewed - 10 March 2025
Typical tax computation for 2025 for an individual
| 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 |
| Upward adjustment of income from shares by 1.72 |
8,600 |
| Interest on bank deposit |
2,500 |
| Minimum deduction |
(92,200) |
| Interest expenses on mortgage and loss |
(40,000) |
| Ordinary income (net income) |
874,090 |
| |
|
| Personal deduction |
(108,550) |
| |
|
| Bracket tax on personal income: |
59,532 |
| 1.7% between NOK 217,400 and NOK 306,050 |
| 4.0% between NOK 306,051 and NOK 697,150 |
| 13.7% between NOK 697,151 and NOK 942,400 |
| 16.7% between NOK 942,401 and NOK 1,410,750 |
| 17.7% for income exceeding NOK 1,410,750 |
| Social security (7.8% of personal income) |
77,609 |
| Income tax (22% of ordinary income less personal deduction) |
168,419 |
| Total tax and social security (includes tax on dividends, sale of shares, interests) |
305,560 |
| |
|
| Net cash income after taxes (does not include dividends, sale of shares, interests) |
594,440 |
| |
|
| Employer’s contribution to social security (14.1%) |
140,294 |
