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Thread Started by #Amar M Chougule

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
5th September 2013 From India, Chennai
Hi Amar, Wages is for Blue color employee and salary is for White color employees..
5th September 2013
Hi,
We have discussed the same before many time and i believe the answer can be discover by just putting an effort to search by using SEARCH tool located at top-middle of the page and related information showing at right of the page.
Your query/questions and presence are valuable but request you to use SEARCH tool before posing which will help you in getting the answers of your query timely
well for you now i'd like to share few of our discussion with 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>
and
<link no longer exists - removed>
5th September 2013 From India, Gurgaon
wages either daily rated or monthly are termed for workmen,minimum wages are also for workmen notified by respective governments. payment of wages act also relates to workmen.salary is for monthly rated employees other than work men
6th September 2013 From India, Hyderabad
Wages are Daily wages (may be paid weekly, fortnightly or monthly) calculated on daily work basis. Salaries are fixed for month.
6th September 2013 From India, Mumbai
Dear Mr. Amar
Wages as self explanatory word is such as Dehadi, which means per day earning to be paid called wages which is applicable for daily basis worker while Salary is to be paid monthly basis which is not being calculated such as wages rate. Minimum wages rates are declaring by the govt. time to time for skilled, unskilled worker & semi skilled worker which is the base of calculation. So, it z very clear wages is for daily payment basis and salary is for monthly payment basis.
Regards
Uday
6th September 2013 From India, Faridabad
Dear,
It is just like the difference between Workman and Employee.
The meaning of both the words is same but the use are different.
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.
Like that
If you ask a sweeper who works for few daye 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 nee any clarification regarding your working days and wage.
Generally, those attendance and salary has been calculated in Monthly basis that can be said Salary and those attendance and salary has been calculating on daily basis that can be said Wage.
Does not matter, whether you are paying them physically daily or monthly. The procedure of calculation makes the difference.
6th September 2013 From India
No where in the POW Act it is said that the Act is for workmen .Actually it is for 'employed persons' getting wages /salary up to Rs18000/-.The definition of wages in the POW Act includes salary also.It is also wrong that MW are fixed for workmen.There are states who have fixed MW for managers also.
Varghese Mathew
7th September 2013 From India, Thiruvananthapuram
Hi, Wages means the remuneration paid to workers and Salary means the remuneration paid to Staff
8th September 2013 From India, Dehra Dun
hello. wage is fixed for hourly basis , salary is based on monthly basis
8th September 2013 From India, Bangalore
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/initial.
8th September 2013 From India, Mumbai
The most common difference between a wage and a salary is that wages are often paid per hour or weekly while 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.
9th September 2013 From India, Cochin
Legally there is no defference between wages and salary, as far as labor law in india is cocerned. Varghese Mathew 9961266966
9th September 2013 From India, Thiruvananthapuram
Dear Mr. Amar,
Those who are connected with direct productivity of a company have been paid wages, where as indirect activity (Sales, Marketing, Administration, Accounts) have been paid Salary. That is why in the Company's Balance Sheet, the wages shall be accounted in the "Manuafacturing Account" to arrive at the Gross Profit and Salaries shall be accounted in the Profit & Loss account to arrive at the "Net Profit" of a company.
Regards.
Ravi.
9th September 2013 From India, Mumbai
this post made me laugh , and the answer posted by member are more interesting except Vergese Mathew.( sorry to comment this)
legally as such there is not difference in Wages, Salary or Remuneration. All these are different nomenclature used in different Employment Ligislation.
11th September 2013
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
11th September 2013 From India, Hyderabad
Dear Umesh,
I do not think that, salary is fixed amount of money paid to the Employee.
Salary also depends on Attendance, Weekly Off, Public Holidays, Leaves and Absents. We have to reffer everything during making salary statement.
If there is any data which states the above, please let me know.
11th September 2013 From India
The question is not about how do we process our salaries or wages, the question states what is the difference between wages and salaries ?
Although both are same thing but if , when we have to give a explanation we can refer above definition.
Income Tax act understand the "Salary" and various Labour Laws understand the "Wages"
Regards,
Umesh Agarwal
12th September 2013 From India, Hyderabad
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
12th September 2013 From India, Pune
Dear Umesh,

I understand that you want to state actually. Ok I agreed, but as far as Income Tax Act, Section 17 (l) concern, Wage Itself coming under Salary. Here I would repeat the same I had stated in my previous Thread. Please give a look:

It is just like the difference between Workman and Employee. The meaning of both the words is same but the use are 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.

Like that

If you ask a sweeper who works for few daye 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 nee any clarification regarding your working days and wage.

Generally, those attendance and salary has been calculated in Monthly basis that can be said Salary and those attendance and salary has been calculating on daily basis that can be said Wage. Does not matter, whether you are paying them physically daily or monthly. The procedure of calculation makes the difference.
12th September 2013 From India
wages are given basically on daily whereas salary are given on monthly basis
12th September 2013 From Bhutan
My Dear Friends,
Prachi, Sonam, Amar, Abhay, Dharo,
As I believe the goal of this site is educate Professionals of ant class or cadre or title.
It is like light of hope for all our friends, those are in dark.
Many exparts are giving their openion any Feedback by this, which is very valuable.
We should be happy to know that, Professional class prefer to take Refference of this site and they trust this site.
We all should try to keep the publicity and decency of this site as it is.
It is a Bank of sharing informations and knowledge.
We should be very carefull when stating anything,
Thank You.
13th September 2013 From India
Monetary remuneration computed on hourly, daily, weekly, or piece work basis is called Wages.
A fixed monthly wage is usually called a salary.
Most of the Indian labour legislations use the term Wages and not salary.
S for Staff and remuneration paid to Staff on a monthly basis is called Salary.
W for workmen and the remuneration paid to workmen is called wages.
Of course this is not definition but this is the way it is understood in India.
13th September 2013 From India, Chennai
Wage is paid to labours. Salary is to staff. In normal cases what is paid to labours is termed wages
15th September 2013 From India, Bangalore
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