Salaries in cash

This query is : Resolved

naga raju (Querist)
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07 May 2013 Dear sir

Can salaries be paid in cash

Total salaries for one was about to Rs 100000
for 25 employees

Can they pay in cash

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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07 May 2013 Yes you can pay salaries in cash

there is no issue involved in it

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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07 May 2013 but for each individual amount should not exceed Rs.20000/-

i.e in totality it can be more than Rs.20000/- but for single person it should not exceed Rs.20000/-

Suppose 6 employees each salary is Rs.18000/-

so total will be Rs.108000/-
for single person it is less than Rs.20000/-

so it can be paid in cash

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