Take-Home Pay in Spain
|Salary Before Tax|
|Salary After Tax||Enter salary|
Simply enter your annual or monthly income into the salary calculator above to find out how taxes in Spain affect your income. You'll then get a breakdown of your total tax liability and take-home pay.
- Salary Before Tax
- your total earnings before any taxes have been deducted. Also known as Gross Income.
- Salary After Tax
- the money you take home after all taxes and contributions have been deducted. Also known as Net Income.
Income Tax Breakdown
|Social Security Contributions|
|Total Tax Due||Enter salary|
- Total Tax Due
- the sum of all taxes and contributions that will be deducted from your gross salary.
The deductions used in the calculator assume you are not married and have no dependants. You may pay less if tax credits or other deductions apply.
Taxation in Spain
- Income Tax
- is a progressive tax and it ranges from 19% to 47%. The standard personal allowance is 5,550 EUR for individuals under 65 years old with no dependants. The employer withholds the employee's income tax and transfers the payment to the tax authorities on a monthly basis. The personal income tax is also called Impuesto de Renta sobre las Personas Fisicas or IRPF.
- Social Security Contributions
- is a tax payed by both the employee and the employer. The standard rate for the employee is 6.35% and the employer pays 29.90% of an employee's salary. The minimum social security tax payed by an employee is 802 EUR and the maximum is 2858 EUR.
The information presented here is based on the fiscal regulations in Spain in 2021. Visit www.seg-social.es for more details.
Cost of Living in Madrid
The median pre-tax pay in Madrid is 2,791 EUR per month. According to the results of our survey, a single person on this salary and with no dependants could afford to:
- rent a one bedroom apartment
- have a standard lifestyle, affording to go out a few times per week
For more information, including details on how Madrid compares to Barcelona, check out our dedicated Cost of Living page.
Financial Facts About Spain
The average monthly net salary in Spain (ES) is around 1 390 EUR, with a minimum income of 764 EUR per month. This places Spain on the 20th place in the International Labour Organisation statistics for 2012, after United Kingdom, but before Luxembourg.
The Spanish system for direct taxation of individuals is progressive, with higher rates being applied to higher income levels. Spain follows a pay-as-you-earn (PAYE) system tax with monthly withholdings. The income tax and the social-security contributions are deducted by the employers on behalf of the employees. In Spanish, the personal income tax is called Impuesto de Renta sobre las Personas Fisicas (IRPF).
Spain is the second most visited country in the world, after France. The tourism in Spain is a major contributor to the national economic life. Most visitors come from the United Kingdom, France, and Germany. Spain also performs very well in many aspects regarding the well-being of its residents, having the fourth highest life expectancy of all the OECD countries.