Payslip

What does “ET net” mean?

Answer

This is the amount you receive back as a net payment through the ET scheme.

 

It works as follows.

 

  1. An amount is deducted from your gross pay
  2. This amount is used for the ET scheme
  3. The amount is returned under “ET net”
  4. It is included in the final amount you receive

 

You do not pay payroll tax on this net amount.

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