Net Income
Usage Examples
"Bongani's payslip showed R32,000 gross, but after deductions his net was R24,000 monthly. That R24,000 is what he lives on — rent, food, taxi fare. When he calculated whether he could afford a R1,500 loan payment, he calculated on R24,000 net, not R32,000 gross."
"Thandi's gross salary was R28,000 but tax ate R3,200, pension took R2,000, medical aid R1,200, UIF R280. Net: R21,320. That's the real income available for all her expenses. A lender might look at gross for their assessment, but she knew net was reality."
"Sipho freelances so he gets paid without deductions. He made R30,000 in a good month, R12,000 in a slow month. His net income was his gross income — no hiding behind deductions. That meant lenders wanted to see his full year to get an average."