Salary paid in cash

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744 Points Posted on 22 August 2021
5 employee total salary monthly 50 thousand each person 10 thousand per month we can paid in cash ,??? yearly 6 lac total salary paid in cash its required to deduct tds
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On 22 August 2021 at 17:18 Report
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This discussion clarifies whether Tax Deducted at Source (TDS) needs to be applied when paying employee salaries in cash. It highlights that TDS under Section 192 is only mandatory if an individual employee's gross total income exceeds £5 lakhs annually. Therefore, paying salaries in cash does not automatically trigger a TDS requirement unless this income threshold is met.

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99 Points Posted on 22 August 2021
Not required to deduct tds, tds u/s 192 is applicable when each person gross total income exceeds 5lakhs
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On 22 August 2021 at 17:22
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744 Points Posted on 22 August 2021
Thanks sir
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On 22 August 2021 at 17:30
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Chartered Accountant
24588 Points Posted on 23 August 2021
Not required
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On 23 August 2021 at 06:16

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