# Paycheck Calculator

Download a free Paycheck Calculator for Microsoft Excel® - by Alex Bejanishvili | Updated:
Posted in category TIMESHEETS & PAYROLL

UPDATE: Both versions of the Paycheck Calculator are updated with the new 2024 Federal Tax Tables and State Tax Tables (where applicable)

If you are an employer or a self-employed individual it is your responsibility to pay your taxes on time. After withholding the tax deductions, the employer can release paychecks to the staff. Now, the problem faced by many small businesses is to know how to calculate the exact amount of withholdings and the net take-home pay.

Paycheck Calculator is a simple and automated way of calculating the salaries and the taxable withholdings. In case of an employer, it is his sole responsibility to calculate tax and deduct that amount from the gross value. Apart from this even the individual has to declare his/her other means of income other than the salary being received. You have to pay tax on the net income earned from all the sources.

## Net Pay Check Calculator

for Excel® 2007+ & Google Docs
Screenshots
1
Excel 2007 +
File: XLSX
Template Specifications
Version
1.0.4
Requirements
Microsoft Excel® 2007 or Higher (PC & Mac)
Macros
Not Used
Installation
Not Required
Author
Help & Questions?

## Using Paycheck Calculator

Pay Check Calculator requires the details of the latest tax rates imposed by the government to calculate the correct taxes. The sheet has three main sections, first one is used to show the Gross Pay, second one for calculating your pay check and a third one is a graphical representations of the pay check.

This template makes use of Federal Tax brackets to understand the final calculations. These brackets are included into the subsequent worksheets. The tables are Federal Tax table and California Tax table (for California pay check calculator only). The tax brackets from these two worksheets are used to calculate the net amount of your pay check. The tables should be updated annually as per the government rules.

## Net Pay Check Calculator (California)

for Excel® 2007+ & Google Docs
Screenshots
1
Excel 2007 +
File: XLSX
Template Specifications
Version
1.0.4
Requirements
Microsoft Excel® 2007 or Higher (PC & Mac)
Macros
Not Used
Installation
Not Required
Author