- Gross Income
- is the sum of all your earnings before any taxes have been deducted, minus any exemptions.
- Net Income
- is the money you take home after all taxes and contributions have been deducted from your gross salary.
- Tax due
- is the sum of all taxes and contributions that will be deducted from your gross salary. The deductions used in the above salary calculator assume you are not married and you have no dependents.
- Income Tax
- on personal income is progressive, with higher rates being applied to higher income levels (four tax brackets). Low income earners (salary less than 9,964 EUR) do not pay income tax, but after this amount the tax grows until 45% for individuals who earn more than 151,956 EUR. The amount of tax that you pay is not based on your earnings as an individual, but on your earnings as a household. France does not withhold income taxes from the monthly income, this means that individuals have to complete an annual tax return.
- Surcharge Tax
- is applied on high incomes. If you are single, you will pay a rate of 3% if your income is between 250,000 and 500,000 EUR and 4% for income exceeding 500,000 EUR.
- Social Contributions
- the employer withholds employee's social security contributions at source and remits the total contributions to the social security authorities. The contributions are computed on an employee's yearly gross salary. The social security contributions include:
- the general social contribution (CSG) is payable by individuals living in France and who benefit from the compulsory health insurance
- the contribution to the social debt (CRDS) applies to earnings and to income from wealth. The territorial scope of the CRDS is the same as the CSG. CRDS is paid by individuals living in France who benefit from a compulsory insurance scheme
The information presented on this page is based on the fiscal regulations of France in 2019. Visit impots.gouv.fr for more details.
The average monthly net salary in France is around 2 157 EUR, with a minimum income of 1 149 EUR per month. This places France on the 11th place in the International Labour Organisation statistics for 2012, after the United Kingdom, but before Germany.
Unlike most EU member states, France does not withhold income taxes from the monthly income, although social security contributions are deducted every month. This means that at the end of the year individuals have to complete an annual tax return and have enough money saved to pay their income taxes.
France has many major industries, including: tourism, machinery, chemicals, automobiles, metals, electronic equipments, textiles, and foods. Among these, tourism is the biggest industry, France being the most visited country in the world, with over 83 million tourists every year. The capital, Paris, is the largest urban economy in France and the third worldwide.
Over 30 companies from the Fortune Global 500 List are headquartered in France, including: Total, AXA, BNP Paribas, GDF Suez, Carrefour, and Credit Agricole.