Net Salary
Net Salary refers to an employee's take-home pay after deductions such as taxes, insurance, and other withholdings have been subtracted from their gross earnings. It represents the actual amount that an employee receives in their paycheck. Net pay is what employees receive in their bank accounts and is crucial for budgeting and personal financial planning. Calculated after various deductions, it reflects the portion of earnings that employees can use for personal expenses and savings.
