salary in cash above Rs 20000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2011
We had employeed persons and pay salary up to rs 28000 p month. They have no bank account can we pay salary in cash . We are running Educational institution
20 July 2011
WILL BE DISALLOWED UNDER SEC 40A(3)
20 July 2011
the salary over and above 20000 given in cash will be taxable...
20 July 2011
However you can pay salary to those employees in two installments. (please make a proper and separate payment voucher for the same on two different dates of payments)
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