Salary may include Basic, PF, DA, HRA, Benefits, Facilities
like Quarters, Hospitals, Electricity, Water, Recreation
and so on - to an employee who appointed in an organisation
for fixed period or any some specific period or any case
may be paid to him with transport facility too and
Deductions like Professinal tax, income tax and other taxes
like TDS, and etc.
The persons who are getting salary can be called as
Whereas wage may include Basic, PF as per government
prescribed amount with some benefits like food, shelter in
The persons who are getting wages can be called as labourers
Wages which is paid to production team, those who are directly link with the product manufacturing activities. It will be paid on the basis of hours, days, monthly. It is 75% of physical and 25% of metal activity involved.
Salary which is paid to those who are indirectly link with manufacturing activities. That is Managerial, administration, purchase, sales, Marketing team etc., It is 90% mental and 10% physical activity involved.
Wage received on a regular basis, usually weekly, bi-weekly, or monthly is called salary and the money paid against each job is wage, normally on daily or weekly. Besides, wage for
Sometimes the term is used to include other benefits, including insurance and retirement plan.
salary is mostly being paid to employees working in the
public sector.Their pays are often received on a monthly
basis but their payment is fixed. So no matter how many
hours you work you will receive the same payment periodlly.
Wages are mainly paid to employees in the private sector.
These are private companies not state owned. Their payment
are received fortnightly on a regular basis. If they work
overtime, eventually they will receive more than their
actual payment. Also in the private sector they use
remunerations such as compensation bonuses rewards and
Salary is periodic payment for long term employment, say monthly, which may attract the variation of expenses in day-day-life of the employees and Employer is privileged to entrust any possible jobs to the employee that may contribute to the income and growth of the company.
Wage is subject the work and time on daily or hourly basis and no more duration. At the end of the working hourse, labourers should be paid the day's wage (though some contractors used to pay it weekly or conveniently).
Labourers will not get salary, but wages or risk allowance.
Employees will get salary and no wage or temporary allowance
Wages are generally paid per hour. This means that you have
to be present and working in order to get paid. Most of the
time, wage jobs are not as inclusive when it comes to
things like paid vacations, or paid sick days. Wage earners
often have to give up pay for leaving early, coming in
late, missing a day, or taking a vacation. It is Direct
Expense and comes in Trading A/c.
Salary refers to how much you get paid every year. Salary
earners rarely have to punch a time clock, or keep an
accurate account of their hours, because they get paid for
performance rather than by the hour. Salaried workers are
much more likely to have paid sick days and paid vacations,
and are not docked pay for being late or leaving early from
time to time. It is Indirect Expense and shows in Profit &
I have done MBA after BSc. When I attended Interview,
wherever I go ask question like "why did you divert your
education from science(Bsc) to management(MBA)". If I say "I
am interested so i have done MBA" that will not be correct
answer.Even I struck up with this question so many times. I
couldn't able to answer this question confidently. could u
pls suggest me how to answer this question.