We Have more than 100 labours who don't have either salary accounts or personal bank Accounts. is there any grace period provision for disbursement of salary in this case, as it has become compulsory to disburse the salary by bank accounts only?
From India, Vadodara
From India, Vadodara
2395
Dear Sir, Is it mandatory today to pay salary/wages through bankers check or electronic (i.e. NEFT, RTGS, etc...) not in or by cash. please provide if there is any circular, notifications available.
From India, New Delhi
From India, New Delhi
Dear sir,
As per the payment of wages act every employer has to pay workers wages by 7th and 10th of each month, it can be through cheque or direct NEFT to worker account.
But my question is that if business partner is paying workers salary through cheque to Bank for creating wages amount on 7th only, so is it under compliance because cheque deposited to Bank by Business Partner but amount not created to worker account by respective Bank.
Please provide us clearity on it. What is act say? Is salary deposited to Bank through cheque by business partner on 7th is under compliance or not ?
From India, Raipur
As per the payment of wages act every employer has to pay workers wages by 7th and 10th of each month, it can be through cheque or direct NEFT to worker account.
But my question is that if business partner is paying workers salary through cheque to Bank for creating wages amount on 7th only, so is it under compliance because cheque deposited to Bank by Business Partner but amount not created to worker account by respective Bank.
Please provide us clearity on it. What is act say? Is salary deposited to Bank through cheque by business partner on 7th is under compliance or not ?
From India, Raipur
Dear sir,
As per the payment of wages act every employer has to pay workers wages by 7th and 10th of each month, it can be through cheque or direct NEFT to worker account.
But my question is that if business partner is paying workers salary through cheque to Bank for crediting wages amount on 7th only, so is it under compliance because cheque deposited to Bank by Business Partner but amount not created to worker account by respective Bank.
Please provide us clearity on it. What is act say? Is salary deposited to Bank through cheque by business partner on 7th is under compliance or not ?
From India, Raipur
As per the payment of wages act every employer has to pay workers wages by 7th and 10th of each month, it can be through cheque or direct NEFT to worker account.
But my question is that if business partner is paying workers salary through cheque to Bank for crediting wages amount on 7th only, so is it under compliance because cheque deposited to Bank by Business Partner but amount not created to worker account by respective Bank.
Please provide us clearity on it. What is act say? Is salary deposited to Bank through cheque by business partner on 7th is under compliance or not ?
From India, Raipur
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Jan 14 - Staff Salary Income and Payment.xls
1 Amendment to The Payment of Wages Act to pay Salary by Cheque or NEFT.pdf
Amendment to Payment of Bonus Act 2015.jpg