12-30-2009, 11:38 PM
Dear,
Salary of an employee to the maximum limit of Rs. 15,000 may be paid in cash, however, if the amount of salary exceeds Rs. 15,000 then the same should be paid by a cross cheque otherwise it will be treated as inadmissible expense.
However, the said limit of Rs. 15,000 is restricted to salary payment only, in case of other expense (other than salary) maximum limit to pay in cash is Rs. 10,000.
Best Regards,
Faisal
Salary of an employee to the maximum limit of Rs. 15,000 may be paid in cash, however, if the amount of salary exceeds Rs. 15,000 then the same should be paid by a cross cheque otherwise it will be treated as inadmissible expense.
However, the said limit of Rs. 15,000 is restricted to salary payment only, in case of other expense (other than salary) maximum limit to pay in cash is Rs. 10,000.
Best Regards,
Faisal
