Salaries in cash
This query is : Resolved
07 May 2013
Dear sir
Can salaries be paid in cash
Total salaries for one was about to Rs 100000
for 25 employees
Can they pay in cash
Can salaries be paid in cash
Total salaries for one was about to Rs 100000
for 25 employees
Can they pay in cash
CA.Sourabh Sethia
(Expert)
07 May 2013
Yes you can pay salaries in cash
there is no issue involved in it
there is no issue involved in it
CA.Sourabh Sethia
(Expert)
07 May 2013
but for each individual amount should not exceed Rs.20000/-
i.e in totality it can be more than Rs.20000/- but for single person it should not exceed Rs.20000/-
Suppose 6 employees each salary is Rs.18000/-
so total will be Rs.108000/-
for single person it is less than Rs.20000/-
so it can be paid in cash
i.e in totality it can be more than Rs.20000/- but for single person it should not exceed Rs.20000/-
Suppose 6 employees each salary is Rs.18000/-
so total will be Rs.108000/-
for single person it is less than Rs.20000/-
so it can be paid in cash
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