Cash limit for advance to employees
This query is : Open
16 February 2022
What is the cash limit for advance to employees as per the income tax
16 February 2022
You can pay an advance upto Rs. 10,000 in cash to an employee at a time. Because if you will be adjusting the advance with the salary expenditure in future.
16 February 2022
If I pay 1,50,000/- pay advance by cash to employee, whether any impact on income tax for the balance amount 1,40,000/- even thou I have deducting by month from the salary expenditure.
16 February 2022
If I pay 1,50,000/- pay advance by cash to employee, whether any impact on income tax for the balance amount 1,40,000/- even thou I have deducting by month from the salary expenditure.
16 February 2022
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