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TFR Calculator

Inputs

Total annual gross salary in EUR including bonuses and allowances

Total number of years employed (months count as fractions)

Deduct applicable withholding tax from final amount

Extra bonuses or allowances factored into gross salary

Results

Annual TFR Accrual
—
Total TFR (Gross)
—
Total severance pay before tax deduction
Tax Withholding
—
Total TFR (Net)
—
Final severance pay amount after taxes
Formula
Annual TFR = (Gross Annual Salary / 12) / 13.5; Total TFR = Annual TFR Ă— Years of Service; Tax = Total TFR Ă— Tax Rate
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