Dear seniors, What is the diffrent between alary and Honorarium? Is not possible PF and ESI on Honorarium like salary? Rajan
From India, Delhi
From India, Delhi
A salary in industrial, admonistrative and service parlance is the remuneration paid to an employee after a negotiation for fulfilling the terms of employment and may be, though not necessarily, composed of various components like Basic pay, D.A or HRA etc while honorarium is an amount voluntarily paid in lump sum to a person not engaged as an employee for utilising his expert services. whether P.F and ESI is payable on Honorarium is dependant on the facts of each case.
B.Saikumar
HR & Labour Law advisor
mumbai
From India, Mumbai
54B.Saikumar
HR & Labour Law advisor
mumbai
From India, Mumbai
Honorariums means that performance really cannot be recompensed. However, wages are intended for payment for specific work that has been done.
salary on the other hand is a reward or recompense for services performed.
From India, Calcutta
salary on the other hand is a reward or recompense for services performed.
From India, Calcutta
Salary is a fixed wage for an employee for his services rendered in an organization. There are specific terms and conditions for payment of salary and allowances thereof. It is subjected to legal scrutiny. Where as Honorarium is a quantum of money conferred for the sake of honour only. Actually it is an amount of money paid to somebody, especially a professional or famous person, for providing a service such as addressing a conference etc. This is voluntary process.
Suri Babu Komakula
From Canada, Calgary
Suri Babu Komakula
From Canada, Calgary
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Salary-Note.doc
SALARY SHEET CALCULATION.xls