The government has asked all principal employers and contractors to ensure payment of wages to employees, including contract workers, only through bank accounts. So it is going to be tough for employers and contractors who still pay by cash. Computation, salary transfer statement of the prescribed format of the bank, salary statement and upcoming statutory compliance are going to make HR/Finance dept in a big fix this month end?
Is there any official circular on this? If any of the fellow citehr members received, please share.
Is there any official circular on this? If any of the fellow citehr members received, please share.