Wednesday, September 16, 2009

Salary, income, wage and pay

Salary is a fixed, regular payment for work.
It is the money received each month. It is often expressed as the total amount in a year.

Sara’s salary is Rs.1 Lakh per annum (Rupees one Lac per year).


Income is the total amount of money earned by working, from investments etc.

Reenu’s monthly income is Rs.20 000/-


Wage is the amount of money received everyday or week.

Ravi’s weekly wage is Rs.5000/-


Pay is a word generally used for the money received for working.

Seniors usually get more pay than juniors.
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