Net salary definition

Net salary means the gross salary minus pension and statutory deductions;
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Net salary means gross wages less any applicable statutory and other deductions regularly taken from the employee’s gross wages. In other words, the employee would receive no more or no less than his/her base wages he/she would have received had the employee actively been at work.
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Net salary. The Salary less those payments which must be deducted by the Employer in respect of the Employee’s share in the insurance schemes and in the mandatory payments to any third parties, including the State authorities, such as income tax and the Employee’s share in payments to the National Insurance Institute.
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Examples of Net salary in a sentence

  • A file consists of information about employee salary with fields employeeid, name, Basic, HRA, DA, IT, other-deductions, Gross and Net salary.

  • Compute the Gross and Net salary of the employee and update the file.

  • Compute the Gross and Net salary of the employee and update the file.31.

  • Given that an EMPLOYEE class contains following members: data members: Employee number, Employee name, Basic, DA, IT, Net Salary and print data members.5. Write a C++ program to read the data of N employee and compute Net salary of each employee (DA=52% of Basic and Income Tax (IT) =30% of the gross salary).

  • Net salary shall be as determined by the Workers’ Compensation Board.

  • Write a C++ program to read the data of N employee and compute Net salary of each employee (DA=52% of Basic and Income Tax (IT) =30% of the gross salary).

  • Net salary (Gross less PAYE/UIF/Pension/Medical) of the Applicant (as declared in section 5B).

  • PARTICULARS OF SPOUSE AND FAMILY (A) (i) Name of spouse(ii) Occupation (iii) Net salary per month (iv) Name and Address of Employer (v) Office Tel.

  • Net salary is defined as gross bi-weekly salary less applicable taxes.

  • Net salary shall be as determined by the Workers Compensation Board.


More Definitions of Net salary

Net salary means Gross Salary after taxes and social security contributions (and other similar charges) wherever arising;
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Net salary. Resident: The salary after deduction of Quebec Pension Plan contributions, Employment Insurance, Quebec Parental Insurance Plan contributions and applicable provincial and federal government income taxes, in accordance with the declarations of exemption made to the employer. Resident doing a medicine fellowship: The salary after deduction to the Quebec Pension Plan contributions, Employment Insurance and the Quebec Parental Insurance Plan contributions and provincial and federal taxes according to the tax exemptions to which the participant is entitled.
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Net salary means the employee’s gross salary minus those deductions required by state or federal law and the employee’s elective deductions. This provision shall be applicable only during the time when the employee is drawing monthly Worker Compensation time-loss compensation due to such injury and only while there is a reasonable expectation that the employee will return to work in the position held at the time of injury. This provision shall in no event obligate the District for payments beyond a 24-month period. Certificated staff shall be informed prior to being assigned student(s) who evidence deviant behaviors that could present a safety problem to the students or staff. Certificated staff shall be provided with specific information about the known behavior pattern(s) of the student(s) and suggested strategies for managing those behaviors. In the case of transfer students, administrators will make every reasonable effort to ascertain information on the student’s academic and social school history and provide that information to teachers as soon as it is available. In conformity with student rights and responsibility, every employee shall have the right and duty to maintain good order and discipline at all times. The employer shall support and uphold its employee when the employee acts in a legally approved manner in maintaining good order and discipline. The employer has the responsibility in suspending, expelling, and/or disciplining of unruly, disruptive, or insubordinate students or those students who have attacked or threatened attack on an employee.
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Net salary t) Shall mean gross salary less statutory deductions for Federal and Provincial Taxes, EI and C.P.P.
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Net salary means the remainder due to a State Employee after any and all mandatory or voluntary deductions have been taken from a State Employee’s gross biweekly salary.
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Net salary means salary minus twice the maximum single person’s social
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Related to Net salary

  • Annual Salary means the salary given under this Part.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Salary as defined in Section 3.1(a).

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Final Salary means the average annual salary for service for which

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Annual Compensation means an amount equal to the greater of:

  • Monthly salary means the gross amount paid to a participant making a claim under s. 40.65, at the time he or she becomes disabled within the meaning of s. 40.65 (4), by the employer in whose employ the injury occurred or the disease was contracted. Overtime pay may not be considered part of an employee’s monthly salary unless the employee received it on a regular and dependable basis.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Annual Cash Compensation means the sum of (I) the Employee's highest Base Salary (i.e., one year's salary at its highest rate), plus (II) the "Applicable Average Bonus" as defined in subparagraph 5(a)(i)(B) above.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Target Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Current Annual Compensation means the greater of:

  • Basic Compensation means Salary and Benefits.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);