Maximum Cash Limit
Ramit (Accountant) (128 Points)
18 October 2024
What is the maximum cash limit paid by the employer to the employee as salary?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 18 October 2024
Section 40A(3) & 40A(3A) of the Income Tax Act, 1961:
The monetary limit on revenue expenditure in cash has been reduced to Rs. 10,000.
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