Please explain the difference between salary and wage, it’s confusing with all the acts like bonus, gratuity, suspension, PF and ESI.
From India, Pune
5From India, Pune
Dear Jagan, Al labour laws refers "wages" and not "salary".
Salary is referred to compensation to higher level of employees/professional and is generally a fixed amount fixed for a year or longer duration. Wage is refered to hourly or daily compensation for manual/skilled workers.
Each act has its own definition of wages with specific inclusion and exclusions.
From India, Mumbai
Salary is referred to compensation to higher level of employees/professional and is generally a fixed amount fixed for a year or longer duration. Wage is refered to hourly or daily compensation for manual/skilled workers.
Each act has its own definition of wages with specific inclusion and exclusions.
From India, Mumbai
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