Gross Salary

Meaning & Definition

Gross Salary

Gross wages encompass the complete earnings an employee gets before deductions, taxes, or other withholdings. This includes the entire agreed-upon compensation between the employer and the employee, covering elements like hourly wages, salary, bonuses, and commissions. They illustrate the total amount earned by an employee prior to any reductions, offering a comprehensive view of the earnings before factoring in taxes and other withholdings that lead to net pay.

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