hi,
i am working in small firm,when i saw my bank statement my employer depositing salary by cash in my account(as he opened it as savings acccount) where its valid..is it affect my future company if its asks for bank statement....need clarification

From India, Gulbarga
nathrao
3092

Why is your employer giving separate cash payment to employees?
He can use NEFT fo payments.
Request him to do so and issue pay slips,form16 etc.
That will be proof of your salary.
As a last resort your passbook with monthly salary deposits can be proof of salary being received by you.

From India, Pune
There is nothing wrong with the employer putting in cash into your bank account, though it is unusual. Perhaps he is not showing the income in his records....
If the future employer asks for the bank statement, you can say the employer deposited it that way. So long as your income is not more than what is deposited, I do not see any reason why the prospective employer will have a problem.

From India, Mumbai
Laxmikant,
Have you been given an appointment letter? If not, cash deposits to your account point to a sinister design! You have no proof of employment with your present firm!
Please ask for both to avoid problems later.
Good luck.
Colonel Gahlot

From India, Delhi
nathrao
3092

""Please ask for both to avoid problems later.""
IT department can ask you reason for cash deposit.
Even bank can query your monthly cash deposits by someone else.
I do hope your employer has given you a offer/appointment letter.
In this era when Income Tax department is active in looking for tax evasion,problems can come up.

From India, Pune
but he is providing salary slip every month without mentioning the bank payment mode.....
From India, Gulbarga
Nothing wrong in cash getting deposited in your bank account. So long as income is captured by documented entry in the bank a/c, it's fine. Ensure that you get salary slip giving gross, deductions & net. Rgds. S Nagasubramanian, RSB Group. Mob 9325006193
From India, Pune
As far as you are getting the Payslips and the same amount is getting credited to your Bank by a third party as cash deposit, would not affect by any means, your future employer will ask for the Payslips only and if in case they ask the Bank Statement, the cash deposits made by your present employer should match with your payslips.
From India, Ahmadabad
It is employer problem. In what way employee is affected. I.T. authorities may question the cash depositor, not you, as long as you they issued you the payslips.
From India, Lucknow
Even the employer will not face any problem if proper books and records are maintained as per the statutory norms.
From India, Ahmadabad

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