NET PAY
Net Pay
An employees salary structure includes numerous components such as CTC, Gross Salary, Net Pay (also known as Take Home Salary), and so on. Net pay is the wage received by an employee after all deductions are subtracted from gross pay. It is the total amount of money that an employee receives each month.
Importance of Net Pay
Net Pay is important to employees because it is the amount of money they have available to spend on their living expenses. It is also important to employers because it is the cost of employing an individual.