> For the complete documentation index, see [llms.txt](https://documentation.soulver.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://documentation.soulver.app/syntax-reference/money-and-finance/income-tax.md).

# Income Tax

Estimate income tax or take-home income by specifying an annual income and a country:

```
income tax on $55k in Australia
income after tax on $95k in Canada
tax rate on $45,300 in USA
```

These calculate the estimated tax amount, income after tax, and effective tax rate respectively.

You can also specify a monthly or weekly income:

```
income tax on $4000/month
income after tax on $1000/week
```

The answer uses the same period as the income. If you omit the country, amounts in your local currency use your region.

{% hint style="info" %}
These are rough estimates. Actual tax depends on factors such as your state, deductions, and personal circumstances.
{% endhint %}