{"id":3604,"date":"2018-04-11T13:45:50","date_gmt":"2018-04-11T11:45:50","guid":{"rendered":"https:\/\/modulus.help\/kb\/?p=3604"},"modified":"2018-04-24T11:33:25","modified_gmt":"2018-04-24T09:33:25","slug":"gross-up","status":"publish","type":"post","link":"https:\/\/modulus.help\/kb\/gross-up\/","title":{"rendered":"Gross Up"},"content":{"rendered":"

“Gross Up” is a pay rule<\/a> that makes an automatic calculation to revert both Taxes<\/a> and Social Insurance (S.I) cost to be deducted from employer, instead of employee (reflected on its own pay code<\/a>).
\n<\/br>
\n<\/br>
\nNOW!<\/em><\/strong><\/span> Employer can easily sign contracts with Net Salaries, instead of Gross Salaries.<\/p>\n

(A) Taxes and S.I deducted from employee’s Gross\u00a0Salary<\/h3>\n

For Example:<\/span><\/em><\/strong><\/p>\n

    \n
  • Gross Salary = 3,650 EGP<\/li>\n
  • –<\/span>\u00a0<\/strong>(Taxes+S.I) = 165 EGP<\/span><\/li>\n
  • Paid Salary (Net) = 3,485 EGP<\/span><\/li>\n<\/ul>\n

    Despite the fact that employee’s gross salary varies every month\/cycle,\u00a0due to applying any additions or deductions on salary. So, all the previously mentioned calculations will change relatively.<\/p>\n

    (B) Gross up rule calculates un affected Net Salary<\/h3>\n

    For Example:<\/span><\/em><\/strong><\/p>\n

      \n
    • Gross Salary = 3,650 EGP<\/li>\n
    • –<\/span><\/strong>\u00a0(Taxes+S.I) = 165 EGP<\/span><\/li>\n
    • +<\/strong> Gross Up Rule = 181.34 EGP<\/span><\/li>\n
    • Paid Salary (Net) = 3,650\u00a0EGP<\/span><\/li>\n<\/ul>\n

      Any applied additions or deductions will only affect employee’s net salary.<\/p>\n","protected":false},"excerpt":{"rendered":"

      “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\u00a0Salary […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273],"tags":[906,905,902,907,904,903],"_links":{"self":[{"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/posts\/3604"}],"collection":[{"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/comments?post=3604"}],"version-history":[{"count":15,"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/posts\/3604\/revisions"}],"predecessor-version":[{"id":3621,"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/posts\/3604\/revisions\/3621"}],"wp:attachment":[{"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/media?parent=3604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/categories?post=3604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modulus.help\/kb\/wp-json\/wp\/v2\/tags?post=3604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}