New Rule Alert: How Are You Handling the No-Cash Wage Payments Mandate?

SOUBHIK KUMAR GHOSH
Please be informed that, as per the latest circular no. 14(87)/2016 dated 25/11/16 issued by the Ministry of Labour & Employment, all major employers must pay wages to contract or permanent employees through a bank account only. Cash payments are prohibited. This rule is effective immediately without any monetary limit.
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