Question

Difference between w gross and net salary with example

Answer 1

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 .

Answer 2

Answer:

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.