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rangaram
5

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
Shailesh Parikh_HR Pro
300

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
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