heildsalar
Heildsalar is a term used in Icelandic payroll and accounting to denote an employee's total gross earnings for a given pay period before any deductions. The amount typically includes base salary, overtime pay, bonuses, commissions, allowances, and other earnings that form part of compensation. Heildsalar serves as the gross reference point used for calculating withholding taxes, social security contributions, pension payments, and other statutory withholdings, as well as for internal budgeting and wage statistics.
In practice, the net salary is obtained by subtracting from the heildsalar all required deductions, such as
The exact composition of heildsalar can vary by contract, collective agreement, and jurisdiction, but it commonly
See also: net salary, gross income, payroll, payslip, employer cost.