TaxTMI 
TaxTMI 
Salary paid to Employees
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....alary paid to Employees<br> Query (Issue) Started By: - KUMAR Narasimhan Dated:- 7-7-2021 Last Reply Date:- 16-7-2021 Income Tax<br>Got 3 Replies<br>Income Tax<br>Dear Sir / Madam, Shall we make Sala....
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....ry payment as Cash ₹ 15,000/- If not how much we can Make? Because employees/Labours are getting cash Advance Daily and weekly basis For Example: An Employee/Labour drawing a salary of ₹....
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....; 15000/-, taken cash Advance of ₹ 6,000/- and then remaining is paid in bank account at the end of the month, is this acceptable Reply By ARVIND JAIN: The Reply: total Salary payment of 1500....
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....0 in cash is above the prescribed limit of 10000 as per the provision of Sec 40 A(3) however the later arrangement of 6000 by cash and balance by bank is within the limit and should be acceptable. Re....
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....ply By KUMAR Narasimhan: The Reply: Dear Sir, Thank you for the information Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: 40 (3) Where the assessee incurs any expenditure in respect of which a pa....
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....yment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft, or use of electronic clearing system through a bank acc....
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....ount or through such other electronic mode as may be prescribed], exceeds ten thousand rupees, no deduction shall be allowed in respect of such expenditure. In you case advance payment in cash and re....
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....maining payment in bank account is correct.<br> Discussion Forum - Knowledge Sharing ....