wage &salary are often discussed in loosesense, as they are
used interchangeably. But Indianlabour organisation (ILO). Defined
the term
remuneration paid by the employer for the servicesof hourly
,daily , weekly and for nightly employees . Italso means that
remuneration paid to production&maintenance or blue collar
employees .
Salary
The term salary is defined as the remunerationpaid to the
clerical & managerial personel employedon monthly or annual
basis.
