Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.
Read moreWhat is meant gross salary?
What is meant by Gross Salary? Gross salary is the monthly or yearly salary of an individual before any deductions are made from it . Components such as basic salary, house rent allowance, provident fund, leave travel allowance, medical allowance, Professional Tax etc.
Read moreIs it net salary or nett salary?
Gross pay is pay before deductions. Jobs advertising a R40,000 salary are referring to gross pay. It may consist of tips, bonuses, commissions, overtime, wages, and so on. Net pay is pay after deductions .
Read more