Per the Pashut Neto calculator, as of 2026, from a gross monthly salary of ₪15,000 an Israeli employee with 2.25 credit points takes home about ₪12,212 net — after income tax, National Insurance (Bituach Leumi) and health tax (before pension deductions).
How is it calculated?
The calculator applies the 2026 income-tax brackets to your annual salary, including Amendment 288 (enacted March 2026, retroactive to January): 10% up to about ₪84K a year, 14% to ₪121K, 20% to ₪228K (widened from ₪194K), 31% to about ₪301K (widened from ₪269K), 35% to ₪560K, and 47% above. A credit of 2.25 points (or the number you choose), worth about ₪2,904 per point per year, is subtracted from the tax.
National Insurance and health tax (employee share, 2026 rates) are then deducted: at reduced rates (1.04% + 3.23%) up to a ceiling of ₪7,703 a month, and full rates (7% + 5.17%) above that, up to the insurable ceiling of ₪51,910. The result is net before pension — a real payslip usually also deducts employee pension contributions (6%) and sometimes a study fund.
Frequently asked questions
How much is a credit point worth in 2026?
A credit point (nekudat zikuy) is worth about ₪2,904 a year, roughly ₪242 a month. Male resident employees get 2.25 base points, women get 2.75. Additional points are granted for children, academic degrees, new immigrants (olim) and more.
Can a raise ever leave me with less money because of a higher bracket?
No. Israeli tax brackets are marginal — the higher rate applies only to the shekels above the threshold, not to your whole salary. Every gross raise increases your net too.
Why is the net on my payslip lower than the calculator's result?
The calculator shows net after income tax, National Insurance and health tax only. Payslips usually also deduct employee pension contributions (6%) and sometimes a study fund (keren hishtalmut), so the actual amount is lower.
How much net do you take home from a ₪20,000 gross salary?
In 2026, from a gross monthly salary of ₪20,000, an employee with 2.25 credit points pays about ₪2,680 in income tax and about ₪1,825 in National Insurance and health tax. That leaves roughly ₪15,493 net — before the 6% employee pension contribution, which lowers the actual amount by about another ₪1,200.
How much net is minimum wage?
Since April 2026, the full-time minimum wage is ₪6,443.85 a month. At that level, credit points offset almost all income tax, so the main deduction is about ₪275 for National Insurance and health tax. Net pay comes to roughly ₪6,070–6,170, depending on the number of credit points (2.25 for men, 2.75 for women), before pension deductions.
What is the difference between gross and net salary?
Gross (bruto) is the salary written in your employment contract, before any deductions; net (neto) is what actually reaches your bank account. Income tax (by brackets and credit points), National Insurance (Bituach Leumi) and health tax are deducted from the gross. The 6% employee pension contribution reduces the net figure further.
This calculation is a general estimate for illustration only. It does not constitute tax, pension, or investment advice, nor a substitute for personal advice from a licensed professional, and should not be relied on for decisions.
