salary payment in cash
Wilson Dsouza (CA Practice ) (31 Points)
26 April 2019
can we pay more than 10000 salary in cash per person in a month
3 Replies
saurav
(Tax practicner)
(117 Points)
Replied 26 April 2019
It is not mandatory that the salary payment must be through cheques. But under section 40A(3), an expenditure of more than Rs 20,000 by cash per day is not allowed for the payer. So, nobody should pay salary in the form of cash. The amount can be included in Form 16
Trilochan Singh Arora
(Korba)
(314 Points)
Replied 27 April 2019
not allowed any expenses cash more than 10000
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