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amount of salary paid in cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2010 An amount of Rs. 30000/- thirty thousand is being paid in cash towards salary to managerial staff. Is it okay or is there a limit of 20000/- cash payment per day for salary also.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
17 January 2010 The limit of Rs.20,000/- per day is applicable for individual staff.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 January 2010 Sec.40(A)(3) will not attract if the Salary payment made after considering the TDS u/s.192
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