How do you calculate gross and net salary?

Article author
Nneka
  • Updated

Gross salary is the pre-tax amount that is awarded to the employee. Taxes include social security contributions and/or other mandatory payments according to local laws, and income tax, which varies both according to local laws and the employee's personal tax situation.

Net salary is the post-tax amount that the employee actually receives in their bank account. The rules for calculating the net salary also vary from country to country according to their legal framework.

 

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