Income Tax Calculator

tax calculator 2022

Israel's first income tax calculator in English

Dray Accountants are proud to present Israel’s first user friendly income tax calculator in English. It’s simple and easy to use, just fill in some basic information and our system will calculate how much Israeli tax and Bituach Leumi you’ll have to pay.

Don’t want a full income tax calculator? Read our article on Israeli income tax rates and how Israeli income tax works:

A little more about tax in Israel

The Israeli tax law is complex and is full of allowances, deductions and tax credit opportunities. As a tax payer, it’s your responsibility to ensure that you don’t pay more tax than you are legally required to.

One of the best ways to reduce your tax bill is to make sure to claim all the tax deductible expenses available. 

Income tax in Israel is a system designed to ensure that taxes are paid consistently throughout the year. If you’re looking to calculate your income tax, an income tax calculator can be a helpful tool to estimate how much you owe based on your earnings.

In Israel, individual taxpayers typically have their taxes deducted directly from their salary each month. Employers handle this process by withholding income tax, national insurance, and health insurance contributions. For self-employed individuals, advance tax payments, or “mikdamot,” are made based on estimated annual income.

Businesses in Israel must also stay compliant by filing VAT returns either monthly or bi-monthly, depending on their revenue. Corporate tax is calculated annually, but advance payments help spread the tax burden evenly throughout the year.

An income tax calculator allows both employees and self-employed individuals to get a clearer understanding of their tax obligations. By inputting your income, the calculator can help estimate how much tax you owe, making it easier to plan your finances and avoid surprises at the end of the year. Accurate forecasting ensures you stay on top of your tax responsibilities and avoid penalties for underpayment.

Ask an accountant

Boruch Levenson
Boruch Levenson – CPA

A native English speaker qualified in both Israel and the UK, Boruch cares for  the English speaking clients.

If you’ve got questions, don’t hesitate to reach out.

OUR OFFICES

Jerusalem

Kanfei Nesharim 68. Merkaz Oranim.

Tel Aviv

31 boulevard Rothschild

CONTACT US

Telephone : 02 631 9000
Fax : 02 631 9005
Email : accounts@cpa-dray.com 

The information provided in this article is intended for general informational purposes only and should not be considered a substitute for personalized professional tax advice. Tax laws and regulations can be complex and vary depending on individual circumstances. We strongly recommend consulting with a qualified tax advisor to discuss your specific situation and ensure compliance with all applicable rules.

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Our offices

Our firm specializes in Israeli accounting and taxation, our team of English speaking accountants have extensive expertise in the benefits granted to Olim Chadashim and their tax optimization.

Our advisors in Tel Aviv

Cabinet Expert comptable Israel
Address: 31 boulevard Rothschild, Tel-Aviv (Israel)
Telephone: 03-9446635
Fax: 03-9494682
Email: accounts@cpa-dray.com

Our advisors in Jerusalem

Cabinet Expert comptable Israel
Address: Kanfei Nesharim 68. Merkaz Oranim
Telephone: 02 631 9000
Fax: 02 631 9005
Email: accoutns@cpa-dray.com