Salary payment in cash above rs.20000/-
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2012
Sir, In our company, we had provisioned the salary of our manager Rs.30000/- per month for three months. Due to insufficient funds we are unable to pay the same. Now it is time to pay. The question is, this amount can be payable through cash? or has to be paid through cheque? Kindly let me know consequences.
Regards
SIREESHA
Regards
SIREESHA
Dintakurthi Tirumala
(Expert)
27 December 2012
You can pay by cash for a single day doesn't exceeding of Rs.20000. So you can pay the total amount at different dates with out exceeding Rs.20000 per day payment. But however i suggesting you better to payment through cheque or by transfer by NEFT/RTGS.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
CA PRAVEEN SINGH
(Expert)
27 December 2012
AGREE WITH ABOVE EXPERT.
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