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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
Asynchronous Communication
Any communication that does not take place in real-time.
Deductions
Payroll deductions are both required and optional deductions from an employee’s pay cheque.
In-kind benefits
A benefit-in-kind (BIK) is any non-cash benefit of monetary value.
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Our work with RemotePass is a partnership based on trust and credibility we are proud to have. With RemotePass services, onboarding and payroll for our global team is well managed and our employees feel safe and cared for.
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