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
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1From India, Gurgaon
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Dear Seniors, pls guide me on above query.... Thanks In Advance...
From India, Gurgaon
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From India, Gurgaon
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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.
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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
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From India, Gurgaon
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Dear Mr. Anamika,
Please clarify your statement that partial salary to the extent of Rs10,000/- will be paid in cash. Please inform the rationale for doing so. Please note that the Central Government is insisting on the digitization of all transactions through electronic mode. Whereas you are still not digitized regarding the payment of salary to employees. Salary advances in exceptional cases can be paid in cash. However, ensure to pay the full salary in one stroke through NEFT on or before the 7th of the month if you are employing less than 1000 employees and on or before the 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 the latest amendments.
From India, New Delhi
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Please clarify your statement that partial salary to the extent of Rs10,000/- will be paid in cash. Please inform the rationale for doing so. Please note that the Central Government is insisting on the digitization of all transactions through electronic mode. Whereas you are still not digitized regarding the payment of salary to employees. Salary advances in exceptional cases can be paid in cash. However, ensure to pay the full salary in one stroke through NEFT on or before the 7th of the month if you are employing less than 1000 employees and on or before the 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 the latest amendments.
From India, New Delhi
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Dear Sir,
We cannot implement any policy that the government is insisting on for online transactions. However, if the Payment of Wages Act, 1936 has been amended to restrict cash payments to employees, could you please provide the relevant section/clause for the same?
Thanks
From India, Gurgaon
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We cannot implement any policy that the government is insisting on for online transactions. However, if the Payment of Wages Act, 1936 has been amended to restrict cash payments to employees, could you please provide the relevant section/clause for the same?
Thanks
From India, Gurgaon
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Dear All,
I am seeking clarity on the specific query regarding paying salary in cash. For instance, if someone's salary is Rs. 10,000 per month, can we pay Rs. 10,000 in cash, or is it mandatory to pay them Rs. 10,000 online as per the latest amendment in the Payment of Wages Act?
Thanks,
Amit
From India, Jaipur
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I am seeking clarity on the specific query regarding paying salary in cash. For instance, if someone's salary is Rs. 10,000 per month, can we pay Rs. 10,000 in cash, or is it mandatory to pay them Rs. 10,000 online as per the latest amendment in the Payment of Wages Act?
Thanks,
Amit
From India, Jaipur
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Dear all Please clearify can we pay less than 10,000/- cash to our worker as a salary? means if labour has drawing 8000/- per month so can we pay cash 8000/- per month as a salary?
From India, Kanpur
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From India, Kanpur
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Dear All, Please find attachments which are self explanatory regarding Online payment of Salary
From India, New Delhi
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From India, New Delhi
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Jan 14 - Staff Salary Income and Payment.xls
Amendment to Payment of Bonus Act 2015.jpg
Salary-Note.doc