Annual income Generally speaking, annual income is your pre-tax income, including the personal part of five insurances and one gold that you should pay, as well as personal income tax. Specific projects include basic salary+performance salary+year-end bonus+continuous service award+year-end dividend, and so on.
Five insurances and one gold include two parts, one part is paid by the company and the other part is borne by the individual. The annual income written in the labor contract does not include the five insurances and one gold paid by the company, but it includes the part that you have to bear personally. As for the exact annual income, there is no clear requirement in the national labor law or labor contract law, because the law does not need special restrictions as long as it does not violate the basic benefits of employees such as social security payment.
Personal income refers to all the income a country gets in a year. The sum of personal income from various sources, including wages, rental income, dividends and social welfare. It reflects the actual purchasing power level of individuals in this country and indicates the changes of consumers' demand for goods and services in the future. Personal income index is an effective index to predict personal consumption ability, future consumer purchasing trend and evaluate economic situation.