07 April 2020
Section 40A(3) restricts cash payment in a single day upto Rs 10000/-. If the payees are different but the salary of each employee is less than 10000/- you can pay. If the salary is more than 10000/- pm you can make payment on 2 -3 different days. However, the best way is to get opened a savings bank account of your employee.
CAclubindia
