One person can withdraw a salary from two company

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A vajjalad (Muttu)

A vajjalad (Muttu) (Querist)
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29 June 2011 Dear sir

Can One person can withdraw the salary from two different company.

Kindly suggest.

Muttu

Aditya Maheshwari

Aditya Maheshwari (Expert)
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29 June 2011 Yes one can draw.

Praveen Maheshwari

Praveen Maheshwari (Expert)
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18 July 2011 Yes One person can draw salary from two different company, there is no any issue. But he should disclose to any Employer company (at his option) that he is in receipt of salary from another company for the purpose of Compliance of TDS provision.

This disclosure is not mandatory but it is advisable.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 July 2011 There is no bar but this is subject to the employment agreement entered with respective companies. Should not be in contravention to the employment contract. Usually this contract contains a clause that while in employment you can not work either full time or part time for any other company.

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