How the Vacation Calculator Works

To calculate vacation pay, the following data must be entered:

Vacation Duration: Specify the “start” and “end” dates, and the calculator will automatically calculate the total days, excluding non-working days.
Five-day or six-day work schedule: Helps accurately calculate the average daily wage.
Mandatory Pension System: If you participate, the corresponding deductions will be applied.
IT Sector Tax Benefits: The applicable income tax rate will be considered.
Bonuses and Additional Payments: Enter their amounts, which will be included in the average salary calculation.

Income Tax

Income tax is 20%, except for those working in the IT sector, for whom it is 10%.

Social Contributions

Social contributions are calculated as follows:

Up to 500,000 AMD: 5%
More than 500,000 AMD: 10% minus 25,000 AMD
Above 1,125,000 AMD: 87,500 AMD

Mandatory pension contributions are required for those born after 1974, while older individuals can participate voluntarily.

Stamp Duty

Stamp duty is charged based on salary:

Up to 100,000 AMD: 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
Above 1,000,001 AMD: 15,000 AMD

Using the calculator, you can easily determine your net vacation pay and plan your vacation without financial worries.