gross salary
Gross salary (noun) means the total amount an employer agrees to pay an employee before any tax, pension contributions or other deductions are taken off. Example: “The advert quotes a gross salary of £42,000, so take-home will be considerably less.”
How to use gross salary
Learner’s notesIn plain EnglishYour pay before tax and deductions come out.
Standard in payroll, recruitment and lending. Advertised salaries and contracts are quoted gross by default in the UK and US.
When someone asks what you earn, the expected answer is the gross figure — that is what job adverts and contracts state.
Fill the gap
Can you complete this real example?
The advert quotes a _____ of £42,000, so take-home will be considerably less.
Synonyms
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Rhymes for gross salary
See all rhymes for gross salary →Frequently asked questions
What is the difference between gross salary and net salary?
Gross salary is the full contracted figure before anything is removed. Net salary, or take-home pay, is what actually reaches your bank account after income tax, national insurance or social security, pension contributions and any student loan or benefit deductions.
Does gross salary include bonuses?
Your gross salary is normally the fixed base figure only. Bonuses, overtime and commission are additional gross earnings and are usually quoted separately — total gross pay for a year covers all of them, which is why a payslip's year-to-date figure can exceed your stated salary.
What is the meaning of gross salary?
"gross salary" (noun) means the total amount an employer agrees to pay an employee before any tax, pension contributions or other deductions are taken off.
What is another word for gross salary?
Other words for "gross salary" include gross pay, gross income, pre-tax salary, headline salary.