How to Handle Job Offers When You're Paid in Cash and Lack Bank Statements?

I am working in a small software company. I receive a salary of ₹30,000 in cash. I got selected in two companies, both of which are asking for a bank statement, but I don't have one because I am paid in cash. They are asking for some payment proof like a cash payment voucher. I used to sign the voucher, but I heard that the receiver should sign on the cash voucher across the stamp. However, I did not sign on the stamp; I signed on the cash voucher. I have one more problem: they do not deduct TDS. Can you please provide me with a solution for this?

Dear Mr. Rajeev,

It is surprising that the salary of Rs. 30,000 is paid in cash every month. Payment in cash is also not a problem. However, if the payer is not concerned about paying in cash and is ignoring TDS deduction, then the payer has to take all the liability. You can still ask the same question to your employer.

Ramakant

Your pay would have been 30000 * 12 = 360000. For F/Y 2014-15, the tax slab applicable was 10% of the amount exceeding 250000, which would mean tax on Rs 110000. Tax payable would be Rs 11000. However, what savings have been done by you - life insurance, PPF, etc. For those earning below Rs 500000, there is an IT rebate of Rs 2000 in addition. Since the employer has not deducted TDS, you need to work out your tax and make payment through challan online or deposit in SBI treasury branch using challan number 280.

Sir, I am paying back Rs 150000 + LIC of Rs 25000. So I don't need to pay Income tax.

Hello everyone,

I want to get a loan, but I receive my salary in cash. My basic salary is 8500 with all allowances totaling 27500. I work at a petrol pump. When I went to the bank, they asked to see my salary slip or any other TDS certificate. However, I file my income tax return (ITR) every year. Despite this, the bank official insists on me submitting the salary slip or any TDS certificate.

Is TDS deducted on cash payment salaries? Can you please clarify this for me? Once I have this information, I can proceed further.

Thank you

Produce your Income Tax Return (ITR) to the bank. ITR is the best proof of your declared income, and the bank is bound to accept it.

What is the breakdown of allowances? How much transport allowance is included in this amount?

27500*12 = 330000.

Does your pay remain the same every month? More details about the breakdown of pay are needed.