Dear Sir/Madam,
Can we make a salary payment in cash ₹ 15,000/-? If not, how much can we make? Employees/labourers are receiving cash advances daily on a weekly basis.
For example, an employee/labourer drawing a salary of ₹ 15,000/-, takes a cash advance of ₹ 6,000/-, and then the remaining amount is paid into a bank account at the end of the month. Is this acceptable?
From India, Chennai
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2Can we make a salary payment in cash ₹ 15,000/-? If not, how much can we make? Employees/labourers are receiving cash advances daily on a weekly basis.
For example, an employee/labourer drawing a salary of ₹ 15,000/-, takes a cash advance of ₹ 6,000/-, and then the remaining amount is paid into a bank account at the end of the month. Is this acceptable?
From India, Chennai
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It is always better to make all payments through the bank instead of using cash, including advances, loans, etc.
S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions 98310 81531
From India, New Delhi
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S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions 98310 81531
From India, New Delhi
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Dear Sir, Better to credit the advance amount too in bank account. Mention the advance amount in payslip and get the signature from them. Thanks.
From India, undefined
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From India, undefined
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Suppose an employee has worked for a week, it would be safe to disburse the six days' payment as he has already worked for it. Just in case there is an absconding of this employee, you are safe as you do not lose anything. Paying him a sum of Rs. 6000/-, almost equal to half the month's salary, puts you at risk. Please ensure precaution and take a written undertaking of this. Also, ensure that this amount has been paid in advance while disbursing the salary at the end of the month. Mention the same on the payslip without fail and keep track of the amount disbursed as an advance in the Salary Advance Register as per the payment made in advance for records.
From India, Chennai
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From India, Chennai
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Advance salary format.xls
Salary advance form.doc