Wages: In simple terms

In simple terms, wages are remuneration a person receives based on the time he/she spends on a particular work. On the other hand, salary is a definite amount a company or business must pay its employees regardless of the nature of their work. The Ministry of Labour & Employment is one of the oldest and important Ministries of the Government of India.|Government of India Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company. The Ministry of Labour & Employment is one of the oldest and important Ministries of the Government of India.|Government of India