According to labor laws, there is no difference between wages and salary. But as per accounting treatment, the difference is as follows:
Payment is given to those employees who are involved in the direct manufacturing process (e.g., operator, foreman, supervision in the factory, helper, etc.) in the factory workshop, which is called wages. Payment is given to those employees who are not involved in the manufacturing process (e.g., accountant, cashier, office in-charge, HR department, etc.), which is called salary.
From India, Delhi
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2Payment is given to those employees who are involved in the direct manufacturing process (e.g., operator, foreman, supervision in the factory, helper, etc.) in the factory workshop, which is called wages. Payment is given to those employees who are not involved in the manufacturing process (e.g., accountant, cashier, office in-charge, HR department, etc.), which is called salary.
From India, Delhi
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Can anybody tell me anythng related to salay what r break ups nd calculation related to it
From India, Delhi
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From India, Delhi
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Hi shahibala wages is a basic + da salary is a gross amount. but i am searching the same on google in the detils.. Whenever i will get it in details i will tell you.
From India, New Delhi
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From India, New Delhi
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Wages are the direct expenses which can be attributed directly to the manufacturing/trading/services provided, while working out the cost of the manufacturing/trading/services provided. Whereas salaries are the indirect expenses and included in the overheads, while working out the selling price of the manufacturing/trading/services provided. These differentiations have been made purely for the purpose of accounting, to show different expenses in the 'Manufacturing', 'Trading', and 'Profit and Loss' Accounts.
From India, Chandigarh
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From India, Chandigarh
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Wages Salary PB Act.jpg