What is net salary

How to calculate net income

Net pay is the take-home pay an employee receives after you withhold payroll deductions. You can find net pay by subtracting deductions from the gross pay .30 May 2018

Net price is $40 , gross price is $50 and the tax is 25% . You perform a job and your gross pay is $50 . The income tax is 20% , so your net income is $50 – 20% = $50 – $10 = $40 .