Diff Between Wage & Salary

difference between wage and salary?
Is the compensation benefit act is the only diff between wage and salary?
Some one told me the people who all will be considered under compensation benefit act will be paid wages and others will be paid salaries.
Is that correct?
Please reply me the answer................

Hi Kalibindu
The monthly payment made to the administrative staff having power to take decisions, having individual supervision over the working force, is termed as salary and the monthly payment made to all the floor workmen and fall under the workmen compensation act and the Industrial Dispute Act, is termed as Wages.
Mohan Rao
Manager HR

Hi Bindu
Wage: Payment for labor or services to a worker, especially remuneration on an hourly, daily, or weekly basis or by the piece
A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.

Hi,
could anyone tell me the difference between Public Ltd. compony and Private Ltd. compony ??
Regards,
Pushpendra

Hi
When there is no private word mentioned in the limited company, it is public limited and if the private word is there, then it is private limited company.
Regards
Harish Taneja

Hi
Private Limited company: Here the promoters are the 100% investors of capital for the company, there is not general public involvement.
Public Limited company : Here the promoters have 51% of share in the total capital of the company and rest of 49% is invested from sale of share to the general public, public are also owners of the company.
Mohan Rao
Manager HR

thanx Mohan!
It means that company is going to be listed company and it releases its share for the public.
Regards,
Pushpendra

Hi,
Legally there is no difference in between salary and wages. Whatever money you are earning after working you can call it in whatever name you are satisfied. Just for self satisfaction we say it salary or wages. Becoz , khali naam badal dene se kisi bhi ACT per koi farak nahi parta hai.
V.K.Gupta

Remenuration paid to monthly rated employees is called salary(ie they are paid for their weekly off's also).... Remenuration paid to daily rated employees is called wages(ie these employees are not paid for their weekly off's)...
Amit Pagedar...
Can contact [Login to view] ..... for any clarification.

It is only the terminology difference between wage and salary.any body including casuval labour are comes under the perview of the workmen compensation act