Is Signing a Revenue Stamp Necessary When Salary Is Credited to Your Account?

Please let me know, is it necessary to sign on a revenue stamp in a register if salary is debited in the salary account? If not, then can you please provide me the documents where this requirement is mentioned? Please help me in this matter.

If the salary is credited into the employee's bank account, then you don't need to take a signature from the employee on the revenue stamp. Collecting a signature on the revenue stamp is for cash payments only, not for bank transfers. You have to mention the cheque number or bank transfer date in that column along with the bank account number.

You need to provide more information about your company type and the region you are located in order for us to suggest the forms that need to be followed.

If the salary is being transferred to their respective bank accounts, then it is not required. There was a time when signatures on revenue stamps were needed while making payments by cash. Nowadays, most people receive their salary by cheque or account transfers.

As advised by Mr. Deepak, it is required only for cash payments. If necessary, you can maintain the register and get it signed without a revenue stamp, but it's not mandatory.

Moreover, in Bangalore, revenue stamps are not available.

If you are paying salary in cash and need to obtain a receipt of payment made, what does your standing order say? Such aspects must be covered under your own certified Standing Order (SO). However, if it is silent or you need a practical solution in today’s context, as revenue stamps are not available even in most cities, then display a notice on the notice board to the Labour Department. State that employees’ dues, including salary, bonus, etc., if paid in cash, require the concerned employees to acknowledge the receipt of payment with their signature or thumb impressions in the register.

Thank you, everyone, for your reply. As for Mr. Stephen, we are an educational institution in Gujarat. Even I know that where we pay in cash, then only we need to get the signature on a revenue stamp. But here, our accounts department says that we need to maintain that system of signing the revenue stamp in order to be ready with documents when the labor department comes for any type of inquiry. I just want to know if it is necessary for that?

Further to Ms. Smita, I heard that if a cash transaction is more than $5000, then only we need to take a signature on a revenue stamp; otherwise, it is not required. Please correct me if my knowledge needs to be updated.

Regards,
Amit