Net tax refers to the amount remaining after all applicable taxes have been deducted from gross income or revenue. It represents the actual value of income, profits, or returns after accounting for tax obligations. In business contexts, net tax is crucial for understanding a company’s true financial position and available funds for reinvestment or distribution. For individuals, net tax is synonymous with take-home pay, representing the amount received after income tax and other deductions. The concept applies to various financial transactions, helping both businesses and individuals make more informed financial decisions
What is Net Tax?
