Panama City Paycheck Calculator
Salary Calculator
Enter your gross salary below and calculate your take-home pay after taxes and deductions.
📍Calculating for: Panama City, Panama
💰Currency: PAB•📊Rates updated regularly
Tax Information for Panama City
Location Details
- Country:
- Panama
- City:
- Panama City
- Currency:
- PAB
Tax Rates
- Income Tax:
- 25.0%
- Social Security:
- 9.5%
- Other Deductions:
- 1.5%
- Total Tax Rate:
- 36.0%
Note: Tax rates are approximate and for estimation purposes only. Actual tax calculations may vary based on individual circumstances, deductions, and current tax laws. Please consult a tax professional for precise calculations.
Local insight
What to expect in Panama City, Panama
Growing urban center with modern amenities
Data source
Panama Tax Authority
Last reviewed
2025-08-06
Scenario
PAB 50,000.00 gross salary
Adjust the calculator for bonuses, deductions, and payroll frequency to see personalised results.
Scenario
PAB 100,000.00 gross salary
Adjust the calculator for bonuses, deductions, and payroll frequency to see personalised results.
📍 Panama City City Information
Learn more about Panama City, Panama including population, timezone, economic level and other important data.
Population
Approximately 1,200,000 people
Current Time
23:11 (Panama)
Economic Level
Tax Year
Data updated on 2025-08-06
🏙️ City Highlights
Growing urban center with modern amenities
Data Source: Panama Tax Authority | Description: Tax rates for Panama City including all standard Panama deductions
💡 Frequently Asked Questions
🎯 How accurate is this calculator?
Our calculator uses current tax rates for Panama City, Panama. While highly accurate for most situations, individual circumstances may vary.
📊 What deductions are included?
Income tax, social security, medicare (where applicable), and other standard deductions for Panama City, Panama.
📅 Annual vs Monthly calculations?
Switch between annual and monthly using the toggle. Results automatically adjust for your selected period.
🔒 Is my data secure?
All calculations are done locally in your browser. We don't store or track your salary information.