Cash Payment of Salary
This query is : Resolved
11 September 2009
Sir,
My Employees salary 25000/- P.M. Can I give cash Salry P.M.
If I Pay Salary of more than 20000/- to person in a singal day will be attract provision of 40A(3) as per Income Tax Act
My Employees salary 25000/- P.M. Can I give cash Salry P.M.
If I Pay Salary of more than 20000/- to person in a singal day will be attract provision of 40A(3) as per Income Tax Act
11 September 2009
in case of salary of more than 20000 given in cash is covered by sec 40 A(3) and it will be disallowed.
11 September 2009
If u pay salary more then 20000 to one employee on different days then also it is disallowed.
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