How does the salary calculator work?

To calculate the net salary, taxes and payments such as income tax, social payment, and stamp duty are deducted from the registered salary.

Consider the following:

• The employee participates in the mandatory cumulative pension system.
• The job is in a company benefiting from IT sector tax privileges.
• Social payments and income tax.

Income Tax and Social Payments

The income tax rate is 20%.
Social payments are mandatory contributions to the social security budget, used for pensions, unemployment benefits, and insurance benefits.
Social payment rates:

• Up to 500,000 AMD salary: 5%.
• More than 500,000 AMD: 10% of the excess amount + 25,000 AMD.
• 1,125,000 AMD and above: 87,500 AMD.

Mandatory participation in the cumulative pension system applies to individuals born after 1974, while voluntary participation is available for those born before 1974.
The calculator takes this participation into account.

Stamp Duty

• Up to 100,000 AMD salary: 1,500 AMD.
• 100,001-200,000 AMD: 3,000 AMD.
• 200,001-500,000 AMD: 5,500 AMD.
• 500,001-1,000,000 AMD: 8,500 AMD.
• 1,000,001 AMD and above: 15,000 AMD.