Voucher sign for payable salaries of last year

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This discussion addresses how to handle outstanding salary payments from the previous financial year. Key questions revolve around obtaining signed vouchers for online transfers and the validity of cash payments for employees without bank accounts. Advice suggests that cash payments are limited to £10,000 per voucher, and employees should ideally have bank accounts. If cash is necessary, employees can collect their balance salary in person, signing a voucher with a revenue stamp, with a daily limit of £10,000 per person.

Rahul Singh

Rahul Singh (Querist)

23 December 2021 i have salaries payables for last financial year. i want to pay those now to all those employees for whom i have liabilities. now i have funds so i can pay them but 2 questions.

1. to some employees i will transfer online in their accounts, can i get voucher signed? in that i will mention that i have paid last financial year balance.

2. then there are small amount salaries under 2.5-3 lacs pending per employee, can i pay them in cash as they don't have accounts? for this i will have to withdraw cash from bank and then in this also in voucher i will mention that i have paid last financial year balance salary.

for all employees i have pan card details. tds is not there for them because less than 5 lacs salary. please suggest

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

23 December 2021 1. Ask employee to send you receipt online.
2. No. Need to pay by cheque or by digital mode. No question of not having bank account now-a- day.

Rahul Singh

Rahul Singh (Querist)

23 December 2021 1. they are not the email operating type employees.
2. they do not have bank accounts some female maintenance employees and they use to collect cash based on voucher earlier. but now i don't know if there is limit on per voucher or how i do this.

please help

Rahul Singh

Rahul Singh (Querist)

23 December 2021 should i also paste revenue stamp on voucher?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

23 December 2021 1. The females also have jandhan accounts or joint accounts with their spouse or father based on Aadhar. Without that you cannot pay cash. If you do not pay cash they will open bank account, if any of them really do not have bank account.
2. For all of them you can give cheques, if no email receipts available.

Rahul Singh

Rahul Singh (Querist)

23 December 2021 i do not know if they have account but i want get this finish.

is there any limit on per cash voucher?

for other employees who have bank accounts i will do online transfer. but for my safety i want vouchers to be signed.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

23 December 2021 Cash payment is limited to Rs. 10000/-
They can send you payment confirmation by any means, be it cyber cafe or otherwise.

Rahul Singh

Rahul Singh (Querist)

23 December 2021 each employee will visit my place to get balance salary and sign voucher with revenue stamp. this is valid?

should i ask employees with cash payments to come each day, and collect 10000 per day? they will also sign voucher with revenue stamp.

thanks for help

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

23 December 2021 1. That's valid.
2. Better to avoid it, still its up to your convenience.

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