Difference between w gross and net salary with example
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Gross salary is the salary to be paid to you without deduction , net salary means the amount due after deducting your recoveries like insurance premium , provident fund , health insurance etc .
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Explanation:
For a company, net income is the residual amount of earnings after all expenses have been deducted from sales. ... For a wage earner, gross income is the amount of salary or wages paid to the individual by an employer, before any deductions are taken.
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