Hi everyone,
I have a query and want to know, is it possible to issue an offer letter to any employee/candidate in which we can mention that their salary will be Rs. 45,000, with Rs. 35,000 being received via cheque and Rs. 10,000 via cash?
In this case, will the salary slip be given for Rs. 35,000 or Rs. 45,000?
Looking forward to your reply.
From India, Mumbai
Acknowledge(0)
Amend(0)
1I have a query and want to know, is it possible to issue an offer letter to any employee/candidate in which we can mention that their salary will be Rs. 45,000, with Rs. 35,000 being received via cheque and Rs. 10,000 via cash?
In this case, will the salary slip be given for Rs. 35,000 or Rs. 45,000?
Looking forward to your reply.
From India, Mumbai
Acknowledge(0)Amend(0)
You have to issue a salary slip for the total salary paid to an employee, i.e., by cheque and by cash. Please let me know the logic of paying Rs10,000/- by cash. When our central government is insisting on digital payment, you are resorting to cash payment. Please share the reason for the information of all concerned. Please do not mention the payment of salary in cash in the appointment letter.
From India, New Delhi
Acknowledge(1)
Amend(0)
From India, New Delhi
Acknowledge(1)Amend(0)
You have to mention the salary which you are gonna give to the employee legally, cash transactions should be avoided and the same should not be discussed in the forum too.
From India, Ahmadabad
Acknowledge(2)Amend(0)
From India, Ahmadabad
Acknowledge(2)Amend(0)
Dear Sir,
Your query is not clear to me. Let me reframe your point; correct me if my assumption is wrong. You can pay expenses like medical expenses, fuel, and car maintenance expenses in cash and a salary cheque of Rs. 35K separately. The cash component of Rs. 10K can be suitably bifurcated. This is not a new practice across corporations. Employees can save income tax on this Rs. 10K. The salary slip will be for Rs. 35K, while the salary/income for tax purposes will include both of his earnings together.
Regards,
From India, Delhi
Acknowledge(2)
Amend(0)
Your query is not clear to me. Let me reframe your point; correct me if my assumption is wrong. You can pay expenses like medical expenses, fuel, and car maintenance expenses in cash and a salary cheque of Rs. 35K separately. The cash component of Rs. 10K can be suitably bifurcated. This is not a new practice across corporations. Employees can save income tax on this Rs. 10K. The salary slip will be for Rs. 35K, while the salary/income for tax purposes will include both of his earnings together.
Regards,
From India, Delhi
Acknowledge(2)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.