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Human Resources vocabulary · Pay, Payroll & Benefits

Net pay

Meaning in human resources, with examples

nounCore term

In human resources, net pay means: The amount an employee actually receives in their bank account after tax and all other deductions have been taken off.

In Turkish: net ücret, net maaş, ele geçen ücret

How it is used

Shown at the bottom of a payslip. In everyday speech people usually say take-home pay: 'My take-home pay is about £2,400 a month.'

Example sentences

  1. My net pay was lower this month because of the pension contribution.

  2. Can you explain why my net pay changed when my salary didn't?

Common collocations

  • monthly net pay
  • take-home pay
  • net salary
  • net pay after tax
  • gross payThe total amount an employee earns before tax, social security and other deductions are taken off.
  • deductionAn amount of money taken from an employee's pay before they receive it, for example income tax, social security, pension or union fees.
  • payslipA document given to an employee each pay period that shows their gross pay, deductions such as tax, and their final net pay.
  • payrollThe process of calculating and paying employees' wages, including tax and other deductions; also the list of people a company pays.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Pay, Payroll & Benefits

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