The wage rate index by type of activity, sex and region is determined by comparing the current total wages with base period wages using workdays as the constant weight. The basic wage or salary refers to the core wage before being supplemented with various allowances and other incentives. The gross cash received for payment of services. It includes the value of payments in kind , incentive or production bonuses and allowances. The earnings of an employee in the form of money or goods received from the employer.
Net income is earnings after income tax and other compulsory deductions have been deducted.
Wages and salaries are the receipts, in the form of payment, from an employer to workers for work or services that have been performed, declared or assessed in a financial form which has been confirmed by an agreement, regulation or law. It is paid on the basis of the agreement between an employer with the workers, including allowances, whether for the worker themselves or their families.