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Cash payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2012 Dear Sir/Madam,

Please guide me about my query that we can pay salary in cash mode above Rs. 20000/-.

Your reply is highly appreciable.

Thanks & Regards,
Sanjiv Dhiman
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
12 January 2012 Yes u can pay but the same would be disallowed u/s 40A(3) in case one time payment is more than 20000 at a time for an employee.

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