I am considering a position in France but struggling to find simple explanation to the question of what will be the final take ome amount after all deduction and taxes (which is declared end of tax year as I understand)
My questions are:
1) Is my understand of salary deductions and contributions correct:
- Gross Salary is what is mentioned in the contract including all allowances
- Net Salary is what I get paid each month after social and health contributions deducted, which according to some posts here around 25%-28%
- Tax is calculated on net salary after above deductions
- The net salary is divided on number of households (1 for adult and 0.5 for children, so 2 adults and 1 child is 2.5), the tax is calculated on that value (using standard bands and rates), then multiplied again by the number of households mentioned before. This value is what is paid end of year after filling all the declaration forms,..etc.
Is that correct?
2) Are dependents living overseas considered in the above calculations, or only those living in France in the same house?
3) is an 18 yrs old still considered dependent?
4) I understand that everyone even those who are not working (my wife in this case) should file a tax return. Does it mean that my wife will pay additional tax?
Thanks in advance for your help.
My questions are:
1) Is my understand of salary deductions and contributions correct:
- Gross Salary is what is mentioned in the contract including all allowances
- Net Salary is what I get paid each month after social and health contributions deducted, which according to some posts here around 25%-28%
- Tax is calculated on net salary after above deductions
- The net salary is divided on number of households (1 for adult and 0.5 for children, so 2 adults and 1 child is 2.5), the tax is calculated on that value (using standard bands and rates), then multiplied again by the number of households mentioned before. This value is what is paid end of year after filling all the declaration forms,..etc.
Is that correct?
2) Are dependents living overseas considered in the above calculations, or only those living in France in the same house?
3) is an 18 yrs old still considered dependent?
4) I understand that everyone even those who are not working (my wife in this case) should file a tax return. Does it mean that my wife will pay additional tax?
Thanks in advance for your help.