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Net salary
The wage that the employee actually receives after income tax is deducted.
The net salary (i.e. free of social security contributions) is the wage that the employee actually receives after income tax is deducted. Think of it as ‘cash in hand’; what you end up with on your paycheck after everything is deducted.
Related Glossaries
Midmarket
Midmarket, or Middle Market, is defined as a segment of businesses.
Crypto Payroll
Receiving your paycheque in crypto instead of in your specific country’s currency.
Compliance
Compliance exists to ensure that banks operate with integrity.
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