Maximum Cash Limit
Ramit (Accountant) (123 Points)
18 October 2024
What is the maximum cash limit paid by the employer to the employee as salary?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175555 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.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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