Dear Seniors, pls clarify :- can we pay salary to our employees in cash to the extent of Rs. 10000/- pls let me know the existing rule regarding cash payment of salary? Thanks ASAP
From India, Gurgaon
1From India, Gurgaon
Hi, As per latest amendment, We are not suppose to pay any salary or wages in the form of cash. You can pay through online transfer or cheque.
Hello Manoj, thanks for your prompt response.... can you pls provide the latest amendment or any section/clause etc. which state that we cannot made cash payment to our employees? Thanks
From India, Gurgaon
From India, Gurgaon
Dear Mr Anamika,
Please Clarify your statement that Partial Salary to the extent of Rs10,000/- will be paid in cash? Please inform the Rational for doing so.Please note that Central Govt is insisting for digitization of all Transactions through Electronic Mode.Whereas you are still not digitized with regard to payment of Salary to Employees.Salary Advance in exceptional cases can be paid in cash.But, ensure to pay full salary in one stroke through NEFT on or before 7th of the Month, if you are Employing less than 1000 Employees & on or before 10th of the Month, if you are Employing 1000 or more Employees.For more information, Please read The Payment of Wages act, 1936 together with latest amendments.
From India, New Delhi
Please Clarify your statement that Partial Salary to the extent of Rs10,000/- will be paid in cash? Please inform the Rational for doing so.Please note that Central Govt is insisting for digitization of all Transactions through Electronic Mode.Whereas you are still not digitized with regard to payment of Salary to Employees.Salary Advance in exceptional cases can be paid in cash.But, ensure to pay full salary in one stroke through NEFT on or before 7th of the Month, if you are Employing less than 1000 Employees & on or before 10th of the Month, if you are Employing 1000 or more Employees.For more information, Please read The Payment of Wages act, 1936 together with latest amendments.
From India, New Delhi
Dear sir,
we cannot implement any policy that govt is insisting for online transaction. However if payment of wages act. 1936 has been amended in order to restrict the cash payment to the employees. so pls provide the relevant section/clause for the same?
Thanks
From India, Gurgaon
we cannot implement any policy that govt is insisting for online transaction. However if payment of wages act. 1936 has been amended in order to restrict the cash payment to the employees. so pls provide the relevant section/clause for the same?
Thanks
From India, Gurgaon
Dear All,
even i am seeking clarity on the above specific query in respect of paying salary in cash.
assume if someone salary is 10000 PM. can we pay Rs. 10000 in cash or is it mandate to pay him Rs. 10000 online as per the latest amendment in payment of wages act.
Thanks
Amit
From India, Jaipur
even i am seeking clarity on the above specific query in respect of paying salary in cash.
assume if someone salary is 10000 PM. can we pay Rs. 10000 in cash or is it mandate to pay him Rs. 10000 online as per the latest amendment in payment of wages act.
Thanks
Amit
From India, Jaipur
Dear All, Please find attachments which are self explanatory regarding Online payment of Salary
From India, New Delhi
From India, New Delhi
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