Salary regarding

243 views
User Avatar

744 Points Posted on 13 August 2021
5 employee we can pay salary on cash 10 thousand per member in the month
0 Reply Share Follow
On 13 August 2021 at 11:54 Report
Replies (4)
Quick Summary
This discussion explores the feasibility and process of paying employee salaries in cash. Specifically, it addresses a scenario where 5 employees are to be paid £10,000 each per month via cash transactions. The focus is on understanding the practicalities and implications of such a payment method.

User Avatar

CMA
13117 Points Posted on 13 August 2021
Cash payments <10k per employee can be made.
1 Reply
On 13 August 2021 at 12:02
User Avatar

150 Points Posted on 13 August 2021
Cash payment <10k per employee can be made shall be allowed as expenses, otherwise, expenses exceeds 10k shall be disallowed.
2 Reply
On 13 August 2021 at 12:35
User Avatar

Chartered Accountant
24588 Points Posted on 13 August 2021
Pay less than 10k in cash
1 Reply
On 13 August 2021 at 14:18
User Avatar

Chartered Accountants
2015 Points Posted on 13 August 2021

as per income tax act 1961 section 40A (3) subject to rule 6DD Any payment 10,000 or below can be made in cash 

1 Reply
On 13 August 2021 at 16:00

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax on Australian Stipendiary Steward on 3
  2. INCOME TAX SECTION 92E
  3. Queries on Tax Invoice and GST
  4. Income Tax Auditor Tenure for Small Companies
  5. Sec 8 company sec 12ab reg
  6. AIS Password: How to Open Your AIS PDF?
  7. Interview Questions
  8. ITR Filing Last Date 2026
  9. Tds - filing Conso File for tax year 2026-27
  10. ITR-3 Filing For AY 2026-27 - Tips

More recent discussions | Post

Related Topics :

Loading
Follow