If you just start working and have doubts about the difference between net and gross salaryhere we clarify everything you need to know about the salary you receive every week, fortnightly or month, since many have no real idea of what the benefits received by law are discounted.
In case you have a formal job and you still do not fully understand what gross and net salary are, there are differences between them, since they lie in the amount of withholdings they make for social security, Infonavit and taxes that are deducted. We tell you what the characteristics of each one are and how to calculate the amount that comes to you each payday.
What are the differences between gross and net salary?
Here are the main differences between the gross and net salary that arrives at home, check or deposit:
Gross salary
The total amount of the salary that reaches the worker, without applying withholdings or taxes, is made up of these concepts:
- base salary
- Add-ons
- overtime
- extra payments
Sunday bonus (if you work on Sundays)
Net salary
It is the salary that a worker receives after deductions, how taxes and the different deductions
- Income Tax (ISR)
- IMSS fees
- Savings bank
- Infonavit Credit
In most cases, withholdings range from 16% to 20% on average, although if monthly salaries exceed 250,000 pesos, Income Tax (ISR) can be up to 35%.
How to calculate net salary?
The net salary is estimated with the tax discounted from your gross salary, you can review it from the following link. After adding the deductions made by Social Security, savings account (if you have one) and if you are contributing to Infonavit, that amount will be the one that arrives each time you deposit your payment.
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