Income Tax Calculator
Simulate your income tax and find out if you'll pay or get a refund
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Salaries, rent, self-employment, etc.
Total tax already withheld during the year
What is Income Tax?
Income Tax is a federal tax levied on individuals' earnings. The more you earn, the higher the rate applied (progressive system).
The annual income tax return is mandatory for those who meet certain criteria for income, assets, or financial transactions. The deadline is usually from March to May.
Who must file?
- •Taxable income above the annual limit
- •Tax-exempt income above $40,000
- •Assets above $300,000
- •Stock market transactions
- •Other specific criteria
Simplified vs Itemized
Simplified Model
- •Automatic 20% discount on income
- •Maximum discount limit (updated annually)
- •Ideal for those with few deductible expenses
- •No expense documentation required
Itemized Model
- •Deducts all documented expenses
- •No limit for medical expenses
- •Per-person limit for education
- •Ideal for those with many deductions
Golden rule: Use the calculator to simulate both and choose the most advantageous!
How to Use the Calculator
- 1
Enter your taxable income for the year (salary, rent, etc.)
- 2
Add your deductions (dependents, health, education, pension)
- 3
Enter the withholding tax already deducted during the year
- 4
Compare simplified and itemized models
- 5
See the result: pay or refund!
Allowed Deductions
Dependents
Fixed amount per person/year for spouse, children up to 21 (or 24 if in college), elderly parents with low income.
Medical Expenses
Health insurance, appointments, exams, hospitalizations, psychologist, dentist - no value limit.
Education
Primary, secondary, higher, and technical education. Per-person limit. Does not include courses or languages.
Private Pension
PGBL is deductible up to 12% of income. VGBL is not deductible (taxed at withdrawal).
Tips to Pay Less Tax
Organize your receipts throughout the year
Invest in PGBL if filing itemized (up to 12%)
Include all eligible dependents
Always compare both models
Advance medical expenses when possible
Donate to approved projects (culture, sports, funds)
Plan throughout the year, not just at filing time
Frequently Asked Questions
Am I required to file?
Yes, if you meet any mandatory criteria (income, assets, stock transactions, etc.).
Which model should I choose?
Compare both in the calculator. Generally: few deductions = simplified; many deductions = itemized.
Are medical expenses limited?
No, as long as documented with receipts/invoices.
Can I deduct health insurance?
Yes, the amount paid (not reimbursed) is fully deductible.
What happens if I don't file?
Fine of 1% per month on tax due, up to 20% of the amount.
When do I receive my refund?
Depends on the batch (priority for elderly, teachers, early filers, direct deposit).
Do I need to report tax-exempt investments?
Yes, they must be reported even if tax-exempt (savings, bonds, dividends).
How does the progressive table work?
Each income bracket has a rate. You pay the rate for each bracket, not on the total.