Salary Calculator
Serbia
Native Teams’ payroll calculator helps you determine your salary and understand every cost associated with it. So, if you want to know the costs of hiring employees in different locations, our payroll calculator provides complete assistance across more than 85 countries.
The salary calculation process is simple - select the country and currency, and enter the salary details. Our calculator will generate a detailed salary breakdown, including net and gross earnings, insights into tax obligations, health and pension contributions, and other costs specific to the country.
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How does a salary calculator for Serbia work?
A salary calculator for Serbia will determine the individual’s net salary based on the gross salary, contributions, and deductions made to the authorities.
The calculation begins with the gross salary, to which the calculator applies contributions for health insurance, pension fund, and unemployment fund. The calculator then applies Serbia’s flat income tax rate of 10%.
After deducting taxes and contributions, the calculator generates the net salary, which is the amount deposited into the employee’s bank account every month.
What is the salary cost in Serbia?
The costs of salary in Serbia are based on a payroll structure with components applicable to employers.
To begin with employee salary costs, each individual is obligated to submit an income tax, charged at a flat rate of 10%. Employees are also paying social security contributions - 5,15% for health insurance contributions, 14% for pension fund, and 0,75% for unemployment fund.
Employers in Serbia also contribute to the social security system, with 10% contributions to a pension fund and 5,15% contributions to health insurance. Therefore, the total employer salary cost is 15,15% higher than the gross salary.
How much tax do you pay in Serbia?
In Serbia, personal income is taxed at a flat rate of 10% on the earnings. Additionally, a special progressive tax applies to individuals whose annual income exceeds three times the average salary in Serbia, with rates varying based on the amount of excess income.
*Please note that this rate may vary due to legislative changes.
What are the mandatory employee benefits in Serbia?
Employees in Serbia are entitled to mandatory benefits such as health insurance through the national health insurance system, pension and disability insurance through the pension system, and unemployment insurance to support individuals who become unemployed.
In addition to this, employees in Serbia are granted 20 days of paid annual leave per year and paid sick leave with benefits based on the duration of absence.
Are there any other benefits or additional expenses?
In addition to mandatory employee benefits, many employers in Serbia also provide extra perks to enhance employee satisfaction. These often include supplementary health insurance for access to private healthcare, life insurance for extra financial security, and meal or travel allowances to cover daily expenses.
Some employers may also provide performance-based bonuses, professional development opportunities, and wellness programmes to create a more supportive work environment.
What is the difference between gross and net in the Serbia salary calculator?
In essence, the gross salary in Serbia represents the full cost of employment, while the net salary is what the employee receives in hand after all the statutory deductions.
The gross salary is the total salary agreed upon between the employee and the employer before any deductions. It includes the base pay plus taxes and contributions to social security (pension, health, and unemployment insurance).
The net salary is the amount the employee takes home after all the deductions have been made. It’s calculated as the gross salary minus income tax and social security contributions.
How can Native Teams help with employment, salary and taxes in Serbia?
Native Teams provides a fully-composed solution to manage employment, salary, and taxes in Serbia. Our employment tools and features will help you simplify your payroll management and benefits administration while staying in full compliance with Serbian labour laws.
With the help of our solutions and expert support, every business can calculate salaries, submit taxes, and administer benefits with compliance. Native Teams will help you work without administrative tasks and with the peace of mind that all your legal obligations are being met accurately and quickly.
