Difference between fee or remuneration and honorarium
The difference between honorarium and remuneration is that honorarium is compensation for services that do not have a predetermined value while remuneration is something given in exchange for goods or services rendered.
Other ways to differentiate is
Remuneration – money paid for work or a service. Wage – a fixed regular payment earned for work or services, typically paid on a daily or weekly basis. Honorarium – a payment given for professional services that are rendered nominally without charge.
What is the difference between a salary and an Honorarium?
A salary in industrial, administrative and service parlance is the remuneration paid to an employee after a negotiation for fulfilling the terms of employment and may be, though not necessarily, composed of various components like Basic pay, D.A or HRA etc while honorarium is an amount voluntarily paid in lump sum to a person not engaged as an employee for utilising his expert services.
whether P.F and ESI is payable on Honorarium is dependent on the facts of each case.
Honorarium is generally considered as taxable income and is taxable under the head “‘ Income from Other Sources”. But if the same has been paid to employees then, it shall treated as salary income in the hands of employees. Yes it can be paid in cash, but subject to limitation
difference between probationer and apprentice
As nouns the difference between probationer and apprentice is that probationer is one who is on probation while apprentice is a trainee, especially in a skilled trade.
or
An apprentice is learning a skill. Probation is a period of time when new staff are assessed.
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