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Net salary
The wage that the employee actually receives after income tax is deducted.
The net salary (i.e. free of social security contributions) is the wage that the employee actually receives after income tax is deducted. Think of it as ‘cash in hand’; what you end up with on your paycheck after everything is deducted.
Related Glossaries
Misclassification
Misclassification refers to that of an employee’s status.
Cutoff date
The cutoff date is the last day within the payroll cycle.
Freelancer
Freelancer, or freelance worker, are terms commonly used for a person who is self-employed.
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