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What is the differance between salary and remnuration?

Accounting
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Question added by MUDDASSER ALI , Manager Accounts , M/s Ghulam Muhammad & Sons (GMS (Pvt) Ltd). (Autoparts Manufacturing Concern)
Date Posted: 2014/09/06
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Murtaza Kalabhai
by Murtaza Kalabhai , Accountant , Al Raj Mobile Phones Trading L.L.C

Salary is a type of remuneration.

Salary is fixed amount of money that is given to employees on a monthly basis in exchange for services.whereas remunertion includes non monetary incentives as well as allowances.

• Remuneration is a broader term than salary as it consists of bonuses, incentives, stock options,

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