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Salary in cash of Rs. 20000.

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Anupam (Querist)
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09 September 2009 Hi this is Harheet Singh.

Can any body tell me whther the payment of salary in cash amounting to Rs. 20000 is disallowed or not under Income Tax Act

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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09 September 2009 NOpe as this is the normal payment so disallowance would be appliccable

Shyam Lal Naik

Shyam Lal Naik (Expert)
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09 September 2009 Allowed upto 20K. Disallowed, if exceds 20K.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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09 September 2009 It is not allowed (with some exeption)

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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09 September 2009 Payment of salary more then one person and exceed 20000 then it is not disallowed but condition that one employee can not get more then 20000

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