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Cash limit for advance to employees

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(Querist)
16 February 2022 What is the cash limit for advance to employees as per the income tax
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CA Puja Sharma

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CA Puja Sharma (Expert)
16 February 2022 You can pay an advance upto Rs. 10,000 in cash to an employee at a time. Because if you will be adjusting the advance with the salary expenditure in future.
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Magesh Varadarajan

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Magesh Varadarajan (Querist)
16 February 2022 If I pay 1,50,000/- pay advance by cash to employee, whether any impact on income tax for the balance amount 1,40,000/- even thou I have deducting by month from the salary expenditure.
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Magesh Varadarajan

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Magesh Varadarajan (Querist)
16 February 2022 If I pay 1,50,000/- pay advance by cash to employee, whether any impact on income tax for the balance amount 1,40,000/- even thou I have deducting by month from the salary expenditure.
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Magesh Varadarajan

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Magesh Varadarajan (Querist)
16 February 2022 Please give reply for my quiry
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Yugandhar

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Yugandhar (Expert)
21 February 2022 entire 150,000/- will be disallowed
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