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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
AML screening
AML, or anti-money laundering, screening is a critical part of compliance.
Global payroll
Refers to all the practices needed to administer payroll to individuals across the globe.
W2
A W2 is a tax form used in the United States to report an employee’s annual wages and the taxes withheld from their paycheck.
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