Salary regarding

ABHI KUMAR (637 Points)

13 August 2021

5 employee we can pay salary on cash 10 thousand per member in the month

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CMA Poornima Madhava (CMA) (13097 Points)
Replied 13 August 2021

Cash payments <10k per employee can be made.

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Aniruddha Patra (150 Points)
Replied 13 August 2021

Cash payment <10k per employee can be made shall be allowed as expenses, otherwise, expenses exceeds 10k shall be disallowed.

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 13 August 2021

Pay less than 10k in cash

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Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2010 Points)
Replied 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

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