Cash payment limit

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GANESAN C

GANESAN C (Querist)
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18 June 2014 Whats per day cash payment limit to employees & others.

Guest

Guest (Expert)

18 June 2014 for what purpose.........

cash payment for an expenses is 20000

Kailas Mate

Kailas Mate (Expert)
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18 June 2014 There is no any specific limit. Its depend upon company policy and rules

Kailas Mate

Kailas Mate (Expert)
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18 June 2014 Yes If an Expense the limit is said by Bohra Sir..

Rupesh Jain

Rupesh Jain (Expert)
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18 June 2014 limit for cash payment in a day not exceed Rs. 20000/- but for transport this limi is Rs. 35000/-

CA Shashank Jain

CA Shashank Jain (Expert)
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19 June 2014 The maximum amount of cash that can be paid against an expense is Rs.20000 per person. Any amount paid above such amount would be disallowed. Where more than Rs.20000 is paid in total to a number of persons than it would be considered under the limit if a single person receives less than Rs.20000 a day.