Dear seniors, What is the diffrent between alary and Honorarium? Is not possible PF and ESI on Honorarium like salary? Rajan
From India, Delhi
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From India, Delhi
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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.
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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57B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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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.
From India, Calcutta
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Salary, on the other hand, is a reward or recompense for services performed.
From India, Calcutta
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Salary is a fixed wage for an employee for his services rendered in an organization. There are specific terms and conditions for payment of salary and allowances thereof. It is subjected to legal scrutiny.
On the other hand, 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.
Suri Babu Komakula
From Canada, Calgary
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On the other hand, 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.
Suri Babu Komakula
From Canada, Calgary
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls
PF & ESI.zip
Presentation PF&ESI.ppt