What is the term for the net pay received by an individual after all deductions from their paycheck?

The term "take-home pay" specifically refers to the amount an individual actually receives after all deductions, such as taxes, retirement contributions, and other withholdings, have been made from their gross salary. This terminology emphasizes the money that is available for the individual to spend or save after all mandatory and voluntary deductions have reduced their earnings.

While "net pay" is also a correct term that defines the same amount, "take-home pay" is commonly used in practice to convey a more relatable understanding of income that remains with the employee after deductions. The other terms, such as "gross pay" and "base salary," refer to amounts before such deductions and do not reflect the actual earnings an individual has available to use.