Gross vs. Net Income - HR Glossary

HR Glossary - Gross vs Net Income - Hireforce
HR Glossary - Gross vs Net Income - Hireforce

In the HR business, the term "Gross vs. Net Income" refers to "Gross Salary and Net Salary". Gross salary is the entire amount paid by an employer to an employee within a certain pay period. Net pay is the actual amount received by the employee after subtracting taxes, social insurance, and health insurance (if applicable).

Example

If an employee earns a gross income of VND 10 million per month and deducts VND 2 million per month, the net compensation is VND 8 million per month.

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