Help with salary taxation
I've received a salary proposal from a Belgium company and I was trying to calculate my net salary. I'm single and I don't have any kids.
I've found these steps to be followed:
Gross salary + Benefit in kind (car, smartphone, ...) would be around 40000 eur.
Social security contribution = 13.07% of 40000
Taxable income - Social security contribution = Gross taxable salary (around 35000)
To this amount, I should subtract:
- standard business deductions (4720 eur)
- Basic allowance (7730 eur, as I don't have wife nor kinds)
The tax base is therefore: 35000 - 4720 - 7730
The taxes are paid on this amount with 25/40/45/50% percentage to obtain the state tax (around 8000 eur)
In addition, I should add municipal tax (7% of state tax) and special social security contribution
Is it correct?
Thanks in advance for your support