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What is the Difference between salary and wage?

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What is the Difference between salary and wage?..

Answer / max

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
others.

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What is the Difference between salary and wage?..

Answer / lince mathew

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 &
Loss A/c.

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What is the Difference between salary and wage?..

Answer / anup tiwari

Salary is part of profit& Loss A/c because its not added in manufacturing cast.

Wages is part of Trading A/c because its added in manufacturing cast.

Is This Answer Correct ?    1 Yes 0 No

What is the Difference between salary and wage?..

Answer / suresh matole

wages is a direct expenses and salary is indirect expenses

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What is the Difference between salary and wage?..

Answer / rounak

SALARY=IT IS GIVEN AFTER EQUAL INTERVAL OF TIME.
WAGES=IT GIVEN DAILY TO THE SEMI-SKILLED AND UNSKILLED
LABOURS.

Is This Answer Correct ?    1 Yes 0 No

What is the Difference between salary and wage?..

Answer / dhruv mishra

salary is given for doing the work but wages is extra remuneration . salary is permanent but wages is not a permanent.

Is This Answer Correct ?    1 Yes 0 No

What is the Difference between salary and wage?..

Answer / indira

wage is afinished workand get in way.salary is a
yearly,monthl basis.

Is This Answer Correct ?    0 Yes 0 No

What is the Difference between salary and wage?..

Answer / devendrakumar karadi

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
Employees.

Whereas wage may include Basic, PF as per government
prescribed amount with some benefits like food, shelter in
some cases.
The persons who are getting wages can be called as labourers

Is This Answer Correct ?    1 Yes 1 No

What is the Difference between salary and wage?..

Answer / m.varma

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.

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What is the Difference between salary and wage?..

Answer / marthanda varna

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

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