Enter your annual gross salary to see EFKA contributions, income tax, and your net monthly take-home pay under the Greek 14-month convention.
Net Monthly Pay
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EFKA contributions
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Income tax
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Annual net
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Effective rate
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Your breakdown
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Amount
How payroll works in Greece
Greek employers deduct EFKA contributions and withhold income tax (parakratisi forou) from each salary payment and remit both to the respective authorities monthly. Employees receive a payslip (apodeixi misthodosia) showing gross, deductions, and net. The 14-payment convention is mandatory under the Greek Labour Code for standard employment contracts.
Example calculation
An employee earning 24,000 EUR gross annually: EFKA = 24,000 x 13.87% = 3,329 EUR. Taxable income = 20,671 EUR. Income tax = (10,000 x 9%) + (10,000 x 22%) + (671 x 28%) = 900 + 2,200 + 188 = 3,288 EUR. Tax credit = 0 (income above 20,000 EUR). Net annual = 24,000 - 3,329 - 3,288 = 17,383 EUR. Monthly net = 17,383 / 14 = 1,242 EUR.
Tips and considerations
The effective total deduction rate for most Greek employees ranges from 25% to 35% of gross. Higher salaries above 40,000 EUR face an effective rate exceeding 40% when EFKA and income tax are combined. Consider negotiating gross-up arrangements or examining whether certain benefits can be provided tax-efficiently.
Frequently asked questions
How does the Greek 14-month salary convention work?
Greek employees traditionally receive the equivalent of 14 monthly salaries per year rather than 12. This is achieved through mandatory Christmas bonus (Doron Hristougennon) equal to one full monthly salary paid in December, an Easter bonus (Doron Pasha) equal to half a monthly salary paid before Easter, and a summer leave allowance (Epidoma Adias) equal to half a monthly salary paid in July. These payments are legally required for employees with open-ended contracts and are not optional for employers. The annual gross figure is therefore divided by 14 to get the regular monthly payment, and the calculator uses this convention for the monthly net figure.
What are the employee EFKA contribution rates in Greece?
Since the 2020 social insurance reform (Law 4670/2020), Greek employees contribute a total of 13.87% of gross salary to EFKA. The breakdown is: main pension fund (kyria syntaxi) 6.67%, supplementary pension (epikourike syntaxi) 3.50%, health insurance (ygeia) 2.55%, and unemployment fund (anergia) 1.15%. These are deducted from gross salary before income tax is calculated, reducing the taxable base. The contributions provide access to state pension, unemployment benefits, health care through EOPYY, and sick pay.
What is the income tax credit in Greece and who qualifies?
Greece provides a tax credit (egkatastatiko ekptosi) of up to 777 EUR per year for employees, pensioners, and self-employed individuals with taxable income below 20,000 EUR. For income up to 12,000 EUR the full 777 EUR credit applies, reducing the tax bill by that amount. Between 12,000 and 20,000 EUR the credit tapers linearly from 777 EUR to zero. For income above 20,000 EUR no credit applies. This credit effectively means that an employee with taxable income of about 8,600 EUR pays zero income tax, because 8,600 x 9% = 774 EUR which is fully offset by the 777 EUR credit.
What is the minimum wage in Greece in 2025?
The national minimum wage in Greece was set at 950 EUR per month (for 14 monthly payments, giving an annual gross of 13,300 EUR) from early 2024, following a series of increases since 2019. For workers under 25, a youth sub-minimum wage applies at a lower rate. The minimum wage is reviewed annually by the government in consultation with social partners. Employees covered by collective bargaining agreements (symvaseis ergasias) may receive higher minimum pay for their sector. The minimum wage applies to all employed workers including part-time workers on a proportional basis.