According to Labour laws there is no difference between wages and salary.
But as per accounting treatment difference is as follows:
Payment given to those employee who involved in direct manufacturing process (e.g. operator, foreman, supervision in factory, helper, etc) in factory workshop, called wages and payment given to those employee who don't involved in manufacturing process (e.g. accountant, cashier, office in-charge, HR department, etc) called salary.
From India, Delhi
2But as per accounting treatment difference is as follows:
Payment given to those employee who involved in direct manufacturing process (e.g. operator, foreman, supervision in factory, helper, etc) in factory workshop, called wages and payment given to those employee who don't involved in manufacturing process (e.g. accountant, cashier, office in-charge, HR department, etc) called salary.
From India, Delhi
Can anybody tell me anythng related to salay what r break ups nd calculation related to it
From India, Delhi
From India, Delhi
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
From India, New Delhi
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 the Salaries are the indirect expenses and included in the overheads, while working out the selling price of the manufacturing/trading/services provided.
These differentiation has been made purely for the purpose of accounting, to show different expenses in the 'Manufacturing', 'Trading' and 'Profit and Loss' Accounts.
From India, Chandigarh
Whereas the Salaries are the indirect expenses and included in the overheads, while working out the selling price of the manufacturing/trading/services provided.
These differentiation has 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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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Wages & Salary Comp 2019 Maha..pdf
Wages Salary PB Act.jpg