Salary in cash incase of sole proprietorship
This query is : Resolved
Aditya Shah
(Querist)
28 July 2019
How much amount can I pay in cash as a salary to related employee?
CA R SEETHARAMAN
(Expert)
29 July 2019
Monthly salary paid in cash should not exceed Rs 10,000.
Aditya Shah
(Querist)
29 July 2019
The limit is for total payment to all employee or is it per employeee??
Also what if I advance 10000 to that particular employee at beginning and than again pay 10000 as salary at end of month?
Also what if I advance 10000 to that particular employee at beginning and than again pay 10000 as salary at end of month?
CA R SEETHARAMAN
(Expert)
29 July 2019
It's per employee.
Yes you can do so.
Yes you can do so.
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