Dear All Could you please let me know, difference wage and salary ( according to both salary and wages Act ) Thanks and regards Amar M Chougule
From India, Chennai
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1From India, Chennai
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Hi Amar, Wages is for Blue color employee and salary is for White color employees..
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Hi,
We have discussed this before many times, and I believe the answer can be discovered by putting in an effort to search using the search tool located at the top-middle of the page. The related information is shown on the right side of the page. Your queries and presence are valuable, but I request you to use the search tool before posting, as it will help you get timely answers to your queries.
Well, for you now, I'd like to share a few of our discussions on the same subject below:
- https://www.citehr.com/39926-differe...ary-wages.html
- https://www.citehr.com/14578-differe...-analysis.html
- http://citehr.com <link fixed>
- <link no longer exists - removed>
From India, Gurgaon
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We have discussed this before many times, and I believe the answer can be discovered by putting in an effort to search using the search tool located at the top-middle of the page. The related information is shown on the right side of the page. Your queries and presence are valuable, but I request you to use the search tool before posting, as it will help you get timely answers to your queries.
Well, for you now, I'd like to share a few of our discussions on the same subject below:
- https://www.citehr.com/39926-differe...ary-wages.html
- https://www.citehr.com/14578-differe...-analysis.html
- http://citehr.com <link fixed>
- <link no longer exists - removed>
From India, Gurgaon
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Wages, whether daily rated or monthly, are designated for workmen. Minimum wages for workmen are also notified by respective governments. The Payment of Wages Act also pertains to workmen. Salary is for monthly rated employees other than workmen.
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From India, Hyderabad
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---
I have corrected the spelling, grammar, and punctuation errors in the text provided. I have also ensured proper paragraph formatting with a single line break between paragraphs. The original meaning and tone of the message have been preserved.
From India, Hyderabad
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Wages are Daily wages (may be paid weekly, fortnightly or monthly) calculated on daily work basis. Salaries are fixed for month.
From India, Mumbai
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From India, Mumbai
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Dear Mr. Amar,
Wages, as a self-explanatory term, include Dehadi, which refers to the earning per day to be paid, called wages, applicable for daily basis workers. Salary, on the other hand, is paid on a monthly basis and is not calculated like wages. Minimum wage rates are declared by the government from time to time for skilled, unskilled workers, and semi-skilled workers, forming the basis of calculation.
In summary, it is very clear that wages are for daily payment basis, while salary is for monthly payment basis.
Regards,
Uday
From India, Faridabad
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Wages, as a self-explanatory term, include Dehadi, which refers to the earning per day to be paid, called wages, applicable for daily basis workers. Salary, on the other hand, is paid on a monthly basis and is not calculated like wages. Minimum wage rates are declared by the government from time to time for skilled, unskilled workers, and semi-skilled workers, forming the basis of calculation.
In summary, it is very clear that wages are for daily payment basis, while salary is for monthly payment basis.
Regards,
Uday
From India, Faridabad
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Dear,
It is just like the difference between a workman and an employee. The meanings of both words are the same, but their usage is different.
For example, if you ask your Production Manager, "Sir, is your wage credited to your account?", it will not look good. You should ask, "Sir, is your salary credited to your account?".
Similarly, if you ask a sweeper who works for a few days in a month, "Hello, do you need any clarification regarding your working days and salary?", it will not look good. You should ask, "Hello, do you need any clarification regarding your working days and wage?".
Generally, attendance and salary are calculated on a monthly basis, which can be referred to as salary, and those calculated on a daily basis can be referred to as wage. It does not matter whether you are paying them physically daily or monthly; the procedure of calculation makes the difference.
From India
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It is just like the difference between a workman and an employee. The meanings of both words are the same, but their usage is different.
For example, if you ask your Production Manager, "Sir, is your wage credited to your account?", it will not look good. You should ask, "Sir, is your salary credited to your account?".
Similarly, if you ask a sweeper who works for a few days in a month, "Hello, do you need any clarification regarding your working days and salary?", it will not look good. You should ask, "Hello, do you need any clarification regarding your working days and wage?".
Generally, attendance and salary are calculated on a monthly basis, which can be referred to as salary, and those calculated on a daily basis can be referred to as wage. It does not matter whether you are paying them physically daily or monthly; the procedure of calculation makes the difference.
From India
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Nowhere in the Payment of Wages Act is it mentioned that the Act is specifically for workmen. In fact, it is for 'employed persons' receiving wages or a salary up to Rs 18,000. The definition of wages in the Payment of Wages Act includes salaries as well. It is also incorrect to assume that minimum wages are only fixed for workmen. There are states that have set minimum wages for managers as well.
Varghese Mathew
From India, Thiruvananthapuram
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Varghese Mathew
From India, Thiruvananthapuram
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Hi, Wages means the remuneration paid to workers and Salary means the remuneration paid to Staff
From India, Dehra Dun
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From India, Dehra Dun
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hello. wage is fixed for hourly basis , salary is based on monthly basis
From India, Bangalore
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From India, Bangalore
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Salary is paid to "exempt" employees. These are people who do not have to account for the hours they put into the job; rather, they are paid to get the job done. They still have to account for holidays, sick days, and vacation days, just not the individual hours. Often they get bonuses or other incentives since these jobs are largely management, sales, or project-related.
Wages are paid to "non-exempt" or "hourly" employees. These people account for their time on a time card or other record-keeping system. Depending on the company, they may earn overtime for extra hours, or be expected to take time off to offset any late hours within the same time period. Usually, the employee has to have worked a full 40-hour week to earn overtime.
By the way, the employer does not have the right to amend a time card without employee permission or initial.
From India, Mumbai
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Wages are paid to "non-exempt" or "hourly" employees. These people account for their time on a time card or other record-keeping system. Depending on the company, they may earn overtime for extra hours, or be expected to take time off to offset any late hours within the same time period. Usually, the employee has to have worked a full 40-hour week to earn overtime.
By the way, the employer does not have the right to amend a time card without employee permission or initial.
From India, Mumbai
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The most common difference between a wage and a salary is that wages are often paid per hour or weekly, while a salary, on the other hand, refers to how much one is paid monthly or yearly. The earners are normally paid for performance but not by the hour.
From India, Cochin
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From India, Cochin
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Legally there is no defference between wages and salary, as far as labor law in india is cocerned. Varghese Mathew 9961266966
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Dear Mr. Amar,
Those who are involved in the direct productivity of a company are paid wages, whereas indirect activities such as Sales, Marketing, Administration, and Accounts receive a salary. This is why in the Company's Balance Sheet, wages are accounted for in the "Manufacturing Account" to calculate Gross Profit, while salaries are recorded in the Profit & Loss account to determine the "Net Profit" of the company.
Regards,
Ravi.
From India, Mumbai
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Those who are involved in the direct productivity of a company are paid wages, whereas indirect activities such as Sales, Marketing, Administration, and Accounts receive a salary. This is why in the Company's Balance Sheet, wages are accounted for in the "Manufacturing Account" to calculate Gross Profit, while salaries are recorded in the Profit & Loss account to determine the "Net Profit" of the company.
Regards,
Ravi.
From India, Mumbai
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This post made me laugh, and the answers posted by members are more interesting, except Vergese Mathew. (Sorry to comment this.)
Legally, there is no difference in wages, salary, or remuneration. All these are different nomenclatures used in various employment legislations.
From India, Delhi
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Legally, there is no difference in wages, salary, or remuneration. All these are different nomenclatures used in various employment legislations.
From India, Delhi
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Hi,
Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
Wage is an hourly basis amount of money or compensation paid to an employee by an employer in return for work performed.
Regards,
Umesh Agarwal
From India, Hyderabad
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Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
Wage is an hourly basis amount of money or compensation paid to an employee by an employer in return for work performed.
Regards,
Umesh Agarwal
From India, Hyderabad
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Dear Umesh,
I do not think that salary is a fixed amount of money paid to the employee. Salary also depends on attendance, weekly off, public holidays, leaves, and absences. We have to refer to everything during the making of the salary statement. If there is any data that states the above, please let me know.
From India
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I do not think that salary is a fixed amount of money paid to the employee. Salary also depends on attendance, weekly off, public holidays, leaves, and absences. We have to refer to everything during the making of the salary statement. If there is any data that states the above, please let me know.
From India
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The question is not about how we process our salaries or wages; the question is what is the difference between wages and salaries? Although both are the same thing, when we have to give an explanation, we can refer to the above definition. The Income Tax act understands "Salary," and various Labour Laws understand "Wages."
Regards, Umesh Agarwal
From India, Hyderabad
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Regards, Umesh Agarwal
From India, Hyderabad
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Hello Amar, Its very simple to understand that who works Physically only(worker) They got Wages & who works Physically + mentally ( Employee) they got Salary. Prachi
From India, Pune
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From India, Pune
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Dear Umesh,
I understand that you want to state actually. Okay, I agree, but as far as the Income Tax Act, Section 17 (1) is concerned, Wage itself comes under Salary. Here, I would repeat what I had stated in my previous thread. Please take a look:
It is similar to the difference between Workman and Employee. The meaning of both words is the same, but their usage is different.
For example:
If you ask your Production Manager, "Sir, is your wage credited to your account?" it will not sound good. You should ask, "Sir, is your salary credited to your account?"
Similarly,
If you ask a sweeper who works for a few days in a month, "Hello, do you need any clarification regarding your working days and salary?" it will not sound good. You should ask, "Hello, do you need any clarification regarding your working days and wage."
Generally, for those whose attendance and salary are calculated on a monthly basis, that can be called Salary, and for those whose attendance and salary are calculated on a daily basis, that can be called Wage. It does not matter whether you are paying them physically daily or monthly; the calculation procedure makes the difference.
From India
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I understand that you want to state actually. Okay, I agree, but as far as the Income Tax Act, Section 17 (1) is concerned, Wage itself comes under Salary. Here, I would repeat what I had stated in my previous thread. Please take a look:
It is similar to the difference between Workman and Employee. The meaning of both words is the same, but their usage is different.
For example:
If you ask your Production Manager, "Sir, is your wage credited to your account?" it will not sound good. You should ask, "Sir, is your salary credited to your account?"
Similarly,
If you ask a sweeper who works for a few days in a month, "Hello, do you need any clarification regarding your working days and salary?" it will not sound good. You should ask, "Hello, do you need any clarification regarding your working days and wage."
Generally, for those whose attendance and salary are calculated on a monthly basis, that can be called Salary, and for those whose attendance and salary are calculated on a daily basis, that can be called Wage. It does not matter whether you are paying them physically daily or monthly; the calculation procedure makes the difference.
From India
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wages are given basically on daily whereas salary are given on monthly basis
From Bhutan
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From Bhutan
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My Dear Friends,
Prachi, Sonam, Amar, Abhay, Dharo,
As I believe the goal of this site is to educate professionals of any class, cadre, or title. It is like a light of hope for all our friends who are in the dark. Many experts are giving their opinion and feedback through this platform, which is very valuable. We should be happy to know that the professional class prefers to reference and trust this site. We all should strive to maintain the publicity and decency of this site as it is. It is a bank of sharing information and knowledge. We should be very careful when stating anything.
Thank you.
From India
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Prachi, Sonam, Amar, Abhay, Dharo,
As I believe the goal of this site is to educate professionals of any class, cadre, or title. It is like a light of hope for all our friends who are in the dark. Many experts are giving their opinion and feedback through this platform, which is very valuable. We should be happy to know that the professional class prefers to reference and trust this site. We all should strive to maintain the publicity and decency of this site as it is. It is a bank of sharing information and knowledge. We should be very careful when stating anything.
Thank you.
From India
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Monetary remuneration computed on an hourly, daily, weekly, or piecework basis is called wages. A fixed monthly wage is usually referred to as a salary. Most Indian labor legislations use the term "wages" and not "salary." "S" stands for staff, and remuneration paid to staff on a monthly basis is called a salary. "W" stands for workmen, and the remuneration paid to workmen is referred to as wages. Of course, this is not a definition, but this is the way it is understood in India.
From India, Chennai
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From India, Chennai
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Salary & Compensation Guidelines.zip
Salary & Wage .xls