i apologise for my ignorance but i dont know how much is the take home salary in a 60,000 euros package. is there anybody working in europe?also does the company pay the tax?in india my company pays my income tax.do they provide medical insurance here.actually i am looking for all the parameters that i must ensure are there in my offer letter for a european firm.i am a novice for european market, please guide me.
Even though there is a single currency for most of the Europe, every country in Europe has own tax systems. If you could post where (as in which country) you will be based, someone might be able to with the tax rates in that country. Take home also depends on other factors like your marital status, number of dependent children etc.
as of now i am on deputation to Germany from my indian company. but i have time to search for a job.i intend to be in London. but if i get the kind of money i want i can even settle for Austria, Swiss, or any other european country. the point is that i need a take home of around 6000 Euros pm which i have heard is pretty normal here for my qualification.i am single female with no liabilities at all. for me the bull's eye is Goldman Sachs ,Technology Division , London. but i know it is not possible as i have no contacts anywhere in the industry. i am totally subjected to luck factors.
To have �6000 a month after taxes you will need at least �9500 (possibly a lot more depending on tax rates) before taxes. Unless you are in a senior management position you can forget about that. Of course expats always get a lot more because their taxrates are lower so you might need "only" about �7500 but if you have the experience and function level I have that's still double the normal salary.
In the US you might get that, maybe in London too, but not elsewhere. And in London you get it only because the cost of living is extreme there, if they paid less noone could afford to work there.
Originally posted by Jeroen Wenting: And in London you get it only because the cost of living is extreme there, if they paid less noone could afford to work there.
Absolutely. I earn above the national average by quite a bit, but this is still below the London average. I can't afford to buy somewhere to live, and its rare for me to save any money at the end of the month. London is very expensive...... but worth it all the same, it is a great place to live despite the costs.
There will be glitches in my transition from being a saloon bar sage to a world statesman. - Tony Banks
To take �6K home per month, your annual should be somewhere near �115K in Europe, or about �80K in the UK. I don't know if $150K is common in the USA, but I am yet to come across anyone with more than �70K in Ireland � The only group that I know to earn that are consultant doctors with specialisations and decades of experience.
Assuming that you are into Java and related areas, Software Engineers with 2-5 years Java experience are offered between �35K and �45K here in Ireland, and Senior Software Engineers are paid between �40K to �60K euros. I am not sure how much managers earn, but I would imagine its less than �75K, unless he or she is in the higher management where their salaries are in 100s of thousands.
Of course, this does not mean the OP can�t get a job with a 6K take-home, its just not that common, thats all!