Hi
Can we make cash payment to employee above 10000.
Is
As per Rule 6DD applicable here.
3 Replies
Mayur Patil
(Article)
(1276 Points)
Replied 03 November 2018
Yes we can, but in specific circumstances
If you paying such amount at the time of retirement, resignation, discharge and death of employee on account of gratuity, retrenchment compensation and similar terminal benefits. In this case sec 40a(3) isn't applied as per rule 6DD but such cash payments can't exceed 50000.
If you paying such amount at the time of retirement, resignation, discharge and death of employee on account of gratuity, retrenchment compensation and similar terminal benefits. In this case sec 40a(3) isn't applied as per rule 6DD but such cash payments can't exceed 50000.
Sonia Shirodkar
(Manager Accounts)
(15 Points)
Replied 04 November 2018
Hi,
Is this clause applicable to Salary payment in cash above 10000
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