Cash payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2012
Dear Sir/Madam,
Please guide me about my query that we can pay salary in cash mode above Rs. 20000/-.
Your reply is highly appreciable.
Thanks & Regards,
Sanjiv Dhiman
Please guide me about my query that we can pay salary in cash mode above Rs. 20000/-.
Your reply is highly appreciable.
Thanks & Regards,
Sanjiv Dhiman
Aditya Maheshwari
(Expert)
12 January 2012
Yes u can pay but the same would be disallowed u/s 40A(3) in case one time payment is more than 20000 at a time for an employee.
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