Gross – Net & Net – Standard Gross in 2022 #
Apply the latest family circumstance-based deduction of 11 million VND/month (132 million VND/year) for taxpayers and 4,4 million VND/month for each dependent (According to Resolution No. 954/2020/UBTVQH14)
Apply salary minimum area The latest takes effect from January 1, 1 (According to Article 2020, Decree 3/90/ND-CP)
Instructions for using the tool to calculate gross salary to net and vice versa #
What is Gross Salary? Gross salary calculation #
“Gross Salary” is a common word for the total income of an employee, including insurance and tax payments.
Gross salary calculation: Also known as Gross to Net salary calculation, that is, solving arithmetic problems to find out the number that, after subtracting social insurance contributions and personal income tax, will get the desired Net salary.
For example: To get the actual salary received (Net Salary) of 15.000.000 VND, assuming the employee has no dependents, we have the Gross salary calculation table as follows:
What is Net Salary? How to calculate Net salary #
"Net salary" is a common word to refer to the salary received by the employee after deducting all insurance expenses and personal income tax.
The salary NET receives will usually be lower than the Total Income because you have to deduct a part to pay insurance and pay personal income tax.
How to calculate Net salary: Also known as Gross to Net salary calculation, it means calculating how much the employee actually receives with the agreed salary of Gross.
For example: With an agreed salary of 15.000.000 VND, assuming the employee has no dependents, we have a spreadsheet from Gross to Net as follows: