the net pay for salaried employees will increase in Jan 2009

 

Due to the new tax brackets effective Jan 2009’s payroll, all salaried  employees will recieve an increase in their net pay. The following table shows the approximate increase based upon the gross pay. The pay increase is also incumberent on other info and may vary from employee to employee. This table is a general overview and not to be taken for granted. Most employees will recieve an increase in net pay.

Due to the world-wide financial crises, many employers have asked their workers to not only freeze pay raises, but to actually take a pay cut from 5% – 12.5% which actually nullifies the net increase and those employees will receive lower net pay than their Dec 2008 pay.

The following information pertains to a single male individual with no other tax benifits.

The net addition can vary based on sex, age, no. of children, marital status, oleh status and other personal tax benefits as well as gross pay. This table is for general information and by no means binding.

 

 GROSS PAY
 NET ADDITION
 4,500 20
 8,000  122
 10,000  188
 15,000  377
 20,000  533
 35,000  755
 50,000  995

 

 

Moshe Egel-Tal, CSPP
Founder and CEO, Israpay   "making payroll simple"

 Sitehttp://www.israpay.com
 Email:  mo***********@***il.com

Skype: motal7

Snail Mail:  p.o. box 44429 Jerusalem, Israel 91443

 Follow me on social networks: Facebook, xing, twitter, Plaxo, FriendFeed, LinkedIn, Digg, Tagfoot, Myspace    Username: Israpay

Published by motal7

Israpay was founded in 2009 with the goal of helping Anglos better understand Israeli labor laws. Whether you are an employer or an employee it is imperitive that you understand what employee's rights are. If you are an employer this will help you avoid possible lawsuits in the future and/or legal sanctions by the Ministry of Industry, Trade and Employment's Administration of Enforcement and Regulation dept. If you are an employee, it is imperitive that you know what your rights are and how to read your payslip. Israpay has vast experience in setting up and implementing payroll departments and procedures for companies to suit their needs. private consultation is available to both employees and employers.

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