MANAGEMENT

Detailed explanation-1: -Net income is your take-home pay from your job; the amount of money that goes into your pocket after paying taxes and any other deductions. Taxes and deductions are taken from your gross income to arrive at net income.

Detailed explanation-2: -Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes. In commerce, net income is what the business has left over after all expenses, including salary and wages, cost of goods or raw material and taxes.

Detailed explanation-3: -Earnings after tax (EAT) It is calculated by subtracting all expenses and income taxes from the revenues the business has earned. For this reason EAT is often referred to as “the bottom line.”

Detailed explanation-4: -Net salary, also known as take-home salary, is the amount of money that you will receive after all deductions. The deductions are made from the CTC and include things like income tax, Professional tax, Public Provident Fund (PPF), etc.