Net salary or wages is the amount an employee earns after deductions are made for payroll taxes and other items.
Net Salary is also known as the take home salary.
It is the amount which gets credited to an employee’s salary account on a monthly basis . It can be paid on either weekly basis or quarterly, depending on the terms of the employment contract.
This amount is given by the organization, means the employer after the employer has subtracted all deductions like professional tax, EPF, etc.
It is very difficult to take description of the net salary at the time of salary calculations. Net salary is the actual figure which an employee gets towards his services provided to the organization.
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