MANAGEMENT

Detailed explanation-1: -Net salary is the total salary one gets after all the mandatory deductions such as taxes that are made from the total gross salary. This is the total amount that gets credited to the bank account of the employee after all the deductions are done.

Detailed explanation-2: -Net income after taxes (NIAT) is a financial term used to describe a company’s profit after all taxes have been paid. Net income after taxes is an accounting term and is most often found in a company’s quarterly and annual financial reports.

Detailed explanation-3: -Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.

Detailed explanation-4: -Net of taxes refers to the final amount left after the deduction of taxes.

Detailed explanation-5: -What Is After-Tax Income? After-tax income is the net amount of income available to invest, save, or consume after federal, state, and withholding taxes have been applied-your disposable income.