What is net annual income ??

Question

my gross salary is 12000 but i am taking in hand 10500

so which is net income for me?

Answer 1

10500 is your net income... Your gross salary would include your pf, tax etc... and your CTC would include other expenses that the company link to you.

Answer 2

net income means= total income - expenses. so, you have to take 10500 as your NET INCOME !!!

Answer 3

Your net annual income would be 10500. It is your take home pay after all deductions. Just like with a company where they have gross sales (total revenue) and a net profit or loss.

Answer 4

they use the term "net" instead of gross because it includes all income from all sources, including things like interest, social security, etc etc

if your paycheck is your only income, use "gross"