Dear seniors, What is the diffrent between alary and Honorarium? Is not possible PF and ESI on Honorarium like salary? Rajan
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Salary vs. Honorarium
A salary in industrial, administrative, and service parlance is the remuneration paid to an employee after negotiation for fulfilling the terms of employment. It may be, though not necessarily, composed of various components like Basic pay, D.A., or HRA, etc. On the other hand, an honorarium is an amount voluntarily paid in a lump sum to a person not engaged as an employee for utilizing their expert services. Whether P.F. and ESI are payable on honorarium depends on the facts of each case.
Regards,
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
Acknowledge(0)Amend(0)
57A salary in industrial, administrative, and service parlance is the remuneration paid to an employee after negotiation for fulfilling the terms of employment. It may be, though not necessarily, composed of various components like Basic pay, D.A., or HRA, etc. On the other hand, an honorarium is an amount voluntarily paid in a lump sum to a person not engaged as an employee for utilizing their expert services. Whether P.F. and ESI are payable on honorarium depends on the facts of each case.
Regards,
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
Acknowledge(0)Amend(0)
Understanding Honorariums vs. Salaries
Honorariums mean that performance really cannot be recompensed. However, wages are intended for payment for specific work that has been done.
Salary, on the other hand, is a reward or recompense for services performed.
Regards,
From India, Calcutta
Acknowledge(0)Amend(0)
Honorariums mean that performance really cannot be recompensed. However, wages are intended for payment for specific work that has been done.
Salary, on the other hand, is a reward or recompense for services performed.
Regards,
From India, Calcutta
Acknowledge(0)Amend(0)
Difference Between Salary and Honorarium
Salary is a fixed wage for an employee for their services rendered in an organization. There are specific terms and conditions for the payment of salary and allowances thereof. It is subject to legal scrutiny.
On the other hand, an honorarium is a quantum of money conferred for the sake of honor only. Actually, it is an amount of money paid to somebody, especially a professional or famous person, for providing a service such as addressing a conference, etc. This is a voluntary process.
Regards,
Suri Babu Komakula
From Canada, Calgary
Acknowledge(0)Amend(0)
Salary is a fixed wage for an employee for their services rendered in an organization. There are specific terms and conditions for the payment of salary and allowances thereof. It is subject to legal scrutiny.
On the other hand, an honorarium is a quantum of money conferred for the sake of honor only. Actually, it is an amount of money paid to somebody, especially a professional or famous person, for providing a service such as addressing a conference, etc. This is a voluntary process.
Regards,
Suri Babu Komakula
From Canada, Calgary
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls