SOUBHIK KUMAR GHOSH
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Educator, Management Consultant & Trainer
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18th June 2016 From India, Agra
19th June 2016 From India, Vadodara
my question was the difference between the wages and salary...
pls clarify weather payment made to computer operator, accountant, customer care executive, receptionist, toward service rendered by them shall be cover in the definition of wages or salary,
19th June 2016 From India, Basti
So to calculate wages/salary the Provisions are made by the govt to cover different types of employments/industries under minimum wages to calculate the minimum level of salary to be paid.However those not included are to be considered under category of shops and establishment relevant to their state.
20th June 2016 From India, Vadodara
i am not sure but one of the labour law consultant has suggested that if amount paid to employee who is defined as workmen as per section 2(s) of industrial disput act. shall be cover in the definition of wages however if amount paid to employee who is not workmen shall be marked as salary,
pls clarify is it correct,
20th June 2016 From India, Gurgaon
Wages is best associated with employee compensation based on the number of hours worked multiplied by an hourly rate of pay. For example, an employee working in an assembly plant might work 48 hours during the work week. If the person's hourly rate of pay is 35, the employee will receive a paycheck showing gross wages of Rs.1680 (48 x Rs.35). If the employee had worked only 30 hours during that week, her or his paycheck will show gross wages of Rs. 1050 (30 x Rs35). Because the paycheck needs to be computed based on the actual hours worked, the employee earning wages will likely receive her or his paycheck five days after the work period.
Salary is best associated with employee compensation quoted on an annual basis. For example, the manager of the assembly plant might earn a salary of Rs120,000 per year. If the salaried manager is paid semi-monthly (perhaps on the 15th and last day of each month), her or his paycheck will show gross salary of Rs.5,000 for the half-month. Since the salary is the same amount for each pay period, the salaried employee's paycheck will likely cover the work period through the date of the paycheck.
Generally, the hourly-paid employees will earn wages at the rate of time and one-half for the hours in excess of 48 per week. The salaried employees in high pay positions are not likely to receive additional pay for the hours in excess of 48 per week. However, employees with low salaries are entitled to overtime pay.
21st July 2016 From India, Kolkata
For example, an unit making 1000 units of auto parts, employed 100 workers and 25 staff employees ensuring support services.Payment to 100 workers is total Rs. 1,00,00,000/ and 25 staff gets Rs.2,50,000/
Wage amount is Rs. 1,00,00,000/ and salary is Rs. 2,50,000/ .
21st July 2016 From India, Delhi
All friend are free to suggest in their own way but there is no word as salary in any labour act.
now we people has only created two words like wage and salary and whatever white collar people gets called salary and blue collar called wages but it is we who has created these two words .i donot agree with my friends who said that whoever is covered under ID act will get wages and whosoever is not covered under ID act will get wages.
this is also not correct because it is very difficult to know who is covered under ID act and who is not covered under ID act.
21st July 2016 From India, Delhi
Kindly have a look on following also :-
The Payment which are being paid to any individual for their work / job done on the basis
of Hours worked daily under the various legal statutes ( Payment of Wages Act ) are called and
categorized as wages .
While If any person are paid according to the days served or worked are called salary.
Thus the Computer Operators or any above if engaged for job on monthly basis are be paid salary
21st July 2016 From India