Frequently Asked Questions

contact_supportWhat is Gross Salary?

Gross Salary is the total amount that an employee receives before deductions for taxes, insurance, allowances, and other expenses. This is the amount typically negotiated as the salary level and stated in the employment contract.

contact_supportWhat is the formula for calculating Gross Salary?

Gross Salary = Base Salary + Bonuses + Personal Income Tax + Social Insurance + Health Insurance + Unemployment Insurance + Other Deductions

contact_supportHow to calculate Gross to Net Salary?

After deducting fees and taxes from Gross Salary, you will arrive at the Net Salary. The general formula to calculate Gross to Net Salary is:
Net Salary = Gross Salary - (Personal Income Tax + Social Insurance + Health Insurance + Unemployment Insurance + Other Deductions)

contact_supportWhat is Net Salary?

Net Salary is the actual income received by the employee after deducting all taxes, personal income tax, and other deductions. Net Salary is lower than Gross Salary because it accounts for tax deductions.

contact_supportWhat is the formula for calculating Net Salary?

Net Salary = Total Income - (Personal Income Tax + Social Insurance + Health Insurance + Unemployment Insurance + Other Deductions)

contact_supportHow to convert Net Salary to Gross?

To convert Net Salary back to Gross Salary, you need to calculate the fees and taxes that were deducted from the Gross Salary. The formula to convert Net Salary to Gross Salary is:
Gross Salary = Net Salary + Personal Income Tax + Social Insurance + Health Insurance + Unemployment Insurance + Other Expenses

The choice between net and gross salary when job hunting does not affect the actual income; in other words, the final amount from both forms is the same. At the same time, from the analysis, it can be seen that both net and gross have their advantages and disadvantages. Therefore, employees can base their choice on comparisons to select the most suitable form for their individual needs.
For net salary, employees will have a portion of their salary deducted by the company for taxes and insurance, as well as other mandatory contributions. This makes it easier for companies to establish human resources policies regarding benefits, salaries, allowances, etc. In cases where the company (the employer) does not comply with the agreement in the contract or violates legal regulations, employees have the right to report to the competent authority for intervention to ensure that their personal rights are upheld. When companies agree based on net salary, this is the actual amount received, and employees will receive it each month they work.

Salary Negotiation

Lương 3P là gì? Ý nghĩa, tầm quan trọng của lương 3P. Hướng dẫn cách tính lương 3P cho nhân viên sao cho đơn giản, chuẩn xác, nhanh chóng nhất
Incentive bonus có ý nghĩa thúc đẩy người lao động cố gắng, tập trung và nỗ lực hoàn thành công việc. Đây là một trong những công cụ giữ chân nhân tài
Một lúc nào đó trong sự nghiệp - bạn muốn nghỉ trọn vẹn một khoảng thời gian dài để đi học, đi du lịch hoặc đơn giản là để dành thời gian cho gia đình nhưng vẫn muốn giữ công việc hiện tại. Làm thế nào để sếp thông cảm và đồng ý?

Subscribe

Create job alerts. Free and Easy

Create now
Feedback