Concept selected: Regular monthly monetary household income
DefinitionSet of monetary income received regularly by the household and its members who receive individual income, regardless of its origin, once Social Security contributions and other similar payments have been deducted (Mutual Provident Society, Mandatory Insurance Companies and Rights), as well as the tax amounts paid.
In the case of working for others, this must consider solely Income Tax (IRPF) withholdings, whereas in the case of self-employed work, it must consider the taxes withheld and the fractioned Income Tax payments.
It is considered that the members of the household receive income when they are working, or they have a job for which they are paid, or they receive some pension, subsidies, capital gains or transfers.
Monthly income refers to the regular income received in the last calendar month, bearing in mind the apportionment of the extra income and other income that they receive periodically, though not monthly.