Payment Of Salary - Salary Payment

moni_akg
Dear all member of the forum
Very Happy New Year
I have got a small problem regarding that what is the date of payment of salary in case of Account Payee cheque.
Please treat this very Urgent.
Regards
Amit Kumar Garg
L.Kumar
Dear Mr. Amit Kumar Garg
What is your organisation's policy?
Incase you want to send salary to employees, who are located outstations, then preferable dd, which should be sent during 4th week(between 25th to 30th)
If it is local clearance then you may issue the cheque in a gap of 2/3 days time before closure of month.
L.Kumar
moni_akg
Dear Mr. Kumar
Thanks for your reply.
Our organisation is a manufacturing unit and we are paying wages and salary before 7th day of following month.
But from this month company want to pay a/c payee cheques on 7th day of the following month to staff.
Than We want to clearify that what is the law says.
Because we are confused that 7th day of the following month is for the clearing date of the cheque or we can pay 7th day by cheque.
thanks & regards
Amit kumar garg
L.Kumar
Dear Amit
Law does not say anything in this respect.
If 7th of every month is your salary disbursement day, then you can
disburse the a/c payee cheque on 7th to your employees-
what is is the issue in it??
L.Kumar
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute