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Salary in cash

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article assistent
23 Points Posted on 31 December 2016
is there any restriction is imposed by govt on payment of salary to employees in cash mode??
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On 31 December 2016 at 17:03 Report
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student
5908 Points Posted on 31 December 2016
If u are required to do Income tax Audit then, expenses made in cash above ₹20,000 is disallowed. If u are not applicable for tax audit then u can pay salary in cash
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On 31 December 2016 at 17:58
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article assistent
23 Points Posted on 31 December 2016

my query is not regarding Income tax... i m asking in general... is there any restriction inposed for cash salary payment (i.e. below 20,000)... in reference to cash less policies by govt.

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On 31 December 2016 at 22:30
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ca student
61 Points Posted on 01 January 2017
No, there is no such restrictions on payment of salary in cash. However all other provisions like cash payment upto 20000 and documentation need to be taken care of.
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On 01 January 2017 at 15:51


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