Malawi
Malawi calculators
With the values in force in Malawi, the source of each one and the date we checked it.
Official data, updated automatically
An automated process checks the official sources every day. Rule changes go live after we verify them.
- Last review of the rules
- Latest automatic figure
- Reserve Bank of Malawi middle rate, kwacha per US dollar,
- Official sources
- 11 official documents
Pay and work
Pay and extras
- Net salary calculator MalawiEnter your gross monthly pay to see what lands in your account after PAYE and your pension contribution.
- Overtime calculator MalawiEnter your hourly wage and the extra hours you worked to see the overtime your employer owes you.
- Annual leave calculator MalawiChoose how many days you work each week and how many months you worked to see the paid leave you have earned.
- Hourly to salary calculatorHow much is your salary per hour? What does an hourly offer come to per year? Enter an amount, pick the period and we show all the others.
- Pay raise calculatorYou have been offered a raise, or you are about to ask for one. Enter your pay and the raise, as a percentage or an amount, and see how much changes each month and year.
- Time card calculatorPick the start and end time for each day, your unpaid break and your hourly pay. We show total hours, overtime and your pay for the week.
Taxes
- PAYE calculator MalawiEnter your gross pay for the month and see how much PAYE your employer should deduct, band by band.
- Pension contribution calculator MalawiEnter your pensionable pay to see how much goes into your pension fund each month, and who pays what.
- Employer cost calculator MalawiEnter the basic pay and other guaranteed earnings to see the full monthly cost of an employee.
- VAT calculator MalawiEnter a price and choose whether to add VAT to it or take VAT out of a price that already includes it.
- Withholding tax calculator MalawiChoose the type of payment and enter the gross amount to see the tax you deduct and what you pay the supplier.
- Presumptive tax calculator MalawiEnter your business turnover for the year to see the presumptive tax you owe and the quarterly instalment.
Money and indexes
Money and indexes
Loans, savings and investing
- Loan calculatorBefore you sign for a loan, two numbers matter: what you pay each month and what the loan costs you in interest.
- APR to APY calculatorTwo offers with the same rate can cost different amounts. The difference is how often interest is charged or paid.
- Mortgage calculatorA mortgage is the biggest debt most households ever take on. It pays to see the full numbers before you talk to a lender.
- Rent vs buy calculatorComparing the mortgage payment with the rent is not enough. Buyers pay interest, upkeep and property tax, but they end up owning the home. Renters can keep the down payment invested.
- Compound interest calculatorWith compound interest, the interest is added to your balance and starts earning interest of its own. That is why savings grow faster and faster.
- Simple interest calculatorSimple interest is always worked out on the original principal: interest is not added to the balance during the term.
- Savings goal calculatorA trip, a car, a deposit on a home or a cushion for surprises. A goal with an amount and a date is much easier to hit.
- Retirement savings calculatorA state pension often is not enough to keep your standard of living. Savings of your own, even small ones, make a big difference if you start early.
- Credit card payoff calculatorA credit card is usually the most expensive debt you have. Paying only the minimum stretches it out for years and piles on interest.
- 50/30/20 budget calculatorThe 50/30/20 rule is a simple way to plan your month. Half goes to essentials, 30% to things you enjoy and 20% to savings.
- Emergency fund calculatorAn emergency fund is money set aside for what you can't plan for: losing your job, a health problem or an urgent home repair.
- Car cost calculatorMost people know what they spend on fuel. Few add up insurance, maintenance, parking and, above all, the value the car loses every year.
Business and self-employment
- ROI calculatorA 50% gain sounds great, but it is not the same over 2 years as over 10. To compare investments you need the return per year.
- Profit margin calculatorMargin and markup get mixed up all the time, and the difference can cost you money. Both measure the same profit, but against a different base.
- Break-even calculatorThe break-even point is the level of sales where a business neither makes nor loses money. Below it you lose, above it you start to profit.
- Freelance rate calculatorThe most common freelance mistake is taking the salary you would want as an employee and dividing it by 160 hours. That leaves out taxes, expenses, vacation and every hour you can't bill.
Other calculators
- TEVET levy calculator MalawiEnter your basic payroll for the year to see the TEVET levy you owe and the monthly instalment if you spread it out.
- Mobile money and bank transfer levy calculatorEnter how much you are sending and how, and see the levy that comes on top.
- Betting winnings tax calculator MalawiEnter the amount you won to see the tax the bookmaker or lottery takes off and what you actually receive.
- Fringe benefit tax calculator MalawiChoose the benefit, enter what it costs and see the fringe benefit tax you owe as the employer.
- Personal income tax calculator MalawiEnter your taxable income for the year to see the income tax on it.
- Capital gains tax calculator MalawiEnter what you paid for an asset, when, and what you sold it for. The calculator adjusts the cost for inflation the way the Taxation Act requires.
- Sick leave pay calculator MalawiEnter your service, the weeks you were off sick this year and your weekly wage to see the sick pay you are owed.
- Maternity leave calculator MalawiEnter the first day of your maternity leave to see your last day off and the day you are back at work.