Please explain the difference between salary and wage, it's confusing with all the acts like bonus, gratuity, suspension, PF and ESI.
4th January 2019 From 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.
4th January 2019 From India, Mumbai
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™