The annual salary represents the sum of the 12 months of base salary agreed between the professional and his employer with its benefits. Learn how to do your calculation right now!

Do you know how important it is to know your annual salary? Because there are professionals who are paid by the hour or monthly, for example, this is a common question that ends up causing some people to simply give up on finding the answer.

But do not worry! iDinheiro developed this tool to help you in this process and make your work easier. Want to know better how it works? Read the article below!

How to use annual salary calculator?

Want to know how much you earn annually? To help you with this calculation we created the annual salary calculator! See how easy it is to use.

To use the annual salary calculator, you first need to know your monthly salary.

1st step: know your monthly salary

The amount used to calculate your annual salary is your monthly gross, or base salary . It is he that the company writes down in its Work Card and that is detailed in its paycheck before the discounts .

If you are paid for hours worked, multiply your hourly rate by 220, which is the maximum workload according to the CLT.

220 hours is the same as 44 hours a week or 8 hours of 48 minutes a day for five working days a week. There is still a compensation scheme in this workload, which is not our calculator’s focus.

However, it is important that you know that, in addition to what has been agreed, you will be working overtime, which must also be duly remunerated and not exceed two hours a day.

2nd step: fill in the iDinheiro annual salary calculator fields

With the information about the monthly salary , fill in all the calculator fields: your monthly salary and the benefits you receive .

Here, it is important to be careful: the meal voucher and transportation are daily values, while the health plan is monthly. If you don’t have any of them, just leave them blank.

In addition, it is also necessary to mark whether you work on Saturdays or not. This is because there are different working hours, in addition to the more traditional 220-hour shift, as mentioned above.

By the way, even in the 44-hour workday you may work on Saturdays without this being considered overtime.

This is the case, for example, of the professional working from Monday to Friday from 8:00 am to 5:00 pm and on Saturdays from 8:00 am to 12:00 pm, completing 44 hours a week.

3rd step: click calculate

Finally, after filling in all the calculator requested data, just click “ Calculate ”. When the calculation is finished, the tool will summarize the data you need to discover your annual salary.

As a result, the following information can be observed:

  • Gross total (annual);
  • Total benefits (annual);
  • Total discounts (annual);
  • Net total (annual).

How does the gross and net salary interfere in calculating the annual salary?

For example, we have two terminologies that need to be understood to arrive at the annual salary. Are they:

  • Gross salary: how much the employer pays the worker free of Income Tax, INSS etc discounts;
  • Net salary: is how much the worker effectively receives after deductions. You can calculate it with our unique net salary calculator .

Below are some more important nomenclatures:

  • Social Security Discount (INSS) – is a mandatory discount for formal workers and guarantees retirement, maternity pay, sick pay and others. You can use the INSS calculator to find out the amount of the discount;
  • Fundo de Garantia (FGTS) – is a mandatory deposit for employers that must be made according to the gross salary of their employees. Thus, the balance is made available to the worker in some specific cases or in his dismissal without just cause. To find out your balance, you can use our exact FGTS calculation tool ;
  • Overtime – is that which exceeds your workday, cannot exceed two hours a day and, of course, must be duly remunerated. To find out the amount, you can use the overtime calculator ;
  • Thirteenth salary – is a kind of extra salary, granted to all formal workers who work with a formal contract, in the year’s final period. Want to know more? We have some cool content explaining its influence on worker compensation and a calculator to help you calculate your 13th.

These terminologies and concepts can influence your earnings as a worker, but it doesn’t stop there. 

By admin

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