“Gross Up” is a pay rule that makes an automatic calculation to revert both Taxes and Social Insurance (S.I) cost to be deducted from employer, instead of employee (reflected on its own pay code). NOW! Employer can easily sign contracts with Net Salaries, instead of Gross Salaries.
(A) Taxes and S.I deducted from employee’s Gross Salary
For Example:- Gross Salary = 3,650 EGP
- – (Taxes+S.I) = 165 EGP
- Paid Salary (Net) = 3,485 EGP
(B) Gross up rule calculates un affected Net Salary
For Example:- Gross Salary = 3,650 EGP
- – (Taxes+S.I) = 165 EGP
- + Gross Up Rule = 181.34 EGP
- Paid Salary (Net) = 3,650 EGP