The Monthly Wage Calculator is updated with the latest income tax rates in Iceland for 2023 and is a great calculator for working out your income tax and salary after tax based on a Monthly income. The calculator is designed to be used online with mobile, desktop and tablet devices. Review the full instructions for using the Iceland Salary After Tax Calculators which details Iceland tax allowances and deductions that can be calculated by altering the standard and advanced Iceland tax settings.
Calculate your monthly take home pay in 2023 (that's your 2023 monthly salary after tax), with the Monthly Iceland Salary Calculator. A quick and efficient way to compare monthly salaries in Iceland in 2023, review income tax deductions for monthly income in Iceland and estimate your 2023 tax returns for your Monthly Salary in Iceland. The Monthly Iceland Tax Calculator is a diverse tool and we may refer to it as the monthly wage calculator, monthly salary calculator or monthly after tax calculator, it is however the same calculator, there are simply so many features and uses of the tool (monthly income tax calculator, there is another!) that we refer to the calculator functionally rather than by a specific name, we mention this here to avoid any confusion.
The Iceland Income Tax Calculator uses income tax rates from the following tax years (2023 is simply the default year for this tax calculator), please note these income tax tables only include taxable elements, allowances and thresholds used in the Iceland Monthly Income Tax Calculator, if you identify an error in the tax tables, or a tax credit / threshold that you would like us to add to the tax calculator, please contact us.