Net salary is the exact amount that the worker receives.

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Net salary is the money that the worker deposits into their account corresponding to their payroll, once withholdings and Social Security contributions have been applied.

It is really the economic amount that a worker receives and is obtained by subtracting from the gross salary, the worker’s contributions to Social Security and the applicable Personal Income Tax withholding.

How can I know my net salary?

Net salary is the result of subtracting all tax withholdings from gross salary.

It is important to know the net salary to know what amount of money you will receive monthly. To know this, you need to take into account these factors:

• Exact gross salary.
• Type of contract (temporary or permanent) to know the correct Social Security withholding.
• Personal Income Tax withholding that will appear on your payroll (it is variable depending on the worker’s condition, whether you have children, whether you are married…).

We hope this information is very useful to you.