Q: What's the difference between this and a paycheck calculator?
A: This calculator focuses on take-home pay (net pay after all deductions). It differs from a paycheck calculator by including all types of deductions: taxes, social contributions, housing funds, and others.
Q: Are housing fund contributions tax-deductible?
A: Yes, in many countries housing fund contributions reduce taxable income, similar to 401k in the US. Both employer and employee contributions are typically pre-tax.