but 1 possible difference might be.. the gross salary and actual cost to employer are not same because of eventual tax saving..as wage and salary are normally as allowable expenses for tax purpose.
what is the difference between gross salary and CTC
There are several differences between gross salary and basic salary. Basic salary is the agreed upon rate of pay discussed between employer and employee which does not include overtime or any other forms of extra compensation. Gross salary is the salary paid before taxes that include overtime pay, holiday pay, and shift differentials if applicable.
Gross Emoluments is not the same as Gross salary. Gross salary refers to the money the employee receives. Gross emoluments is the gross sum of all money the company spends on the employee, including training and taxes.
What is the difference between delivered gross, gross profit and selling gross?
Let's say your employer agrees to pay you $1000 per month, and then (for example) 20% of that is deducted for taxes and social benefits, so you only get $800. The gross salary is the salary before the deductions. In the above example, 1000. The net salary is after the deductions. In the example, 800.
gross salary=net salary+deduction
Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.
what does salary gross mean
Any salary a company pays you is always before taxes. So if a company offers $600/wk salary, that is before taxes. Your paycheck will reflect the net amount, and the net will be the same since you have the same gross for each paycheck.
Gross salary is the headline salary that an employee is paid prior to any deductions. Net salary is what is actually paid into the employees bank account after deductions, the deductions could include some of the following: * Taxation * National Insurance * Pension Contributions * Union Subscriptions * Student loan repayments For exmple a job might be advertised as paying £20,000 pa, this is the gross salary, however after deductions the employee might receive £14,000 pa, this is the next salary