Net Salary is the actual amount an employee takes home after all mandatory and voluntary deductions are subtracted from the gross salary, similar to net pay.
- What is net salary?
Answer: It is the take-home amount after deductions from gross salary. - What deductions are included?
Answer: Deductions include income tax, Social Security, and benefits. - How does it differ from gross salary?
Answer: Gross is total earnings, while net is after withholdings. - Why is it significant?
Answer: It affects employee financial planning. - How does HR handle it?
Answer: HR calculates and communicates net salary details.
