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Is a One Rupee Stamp Duty Needed for Salary Payments via NEFT? Seeking Guidance and Official Sources


Anonymous
Dear All,

Can anyone guide me on whether HR is required to pay a One Rupee stamp duty on salary payments made through NEFT/Electronic Mode? If not, kindly share any authentic notification regarding the same.

Regards,
Sunit Sharma
HR
From India, Jaipur
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nathrao
3180
No need for a signature on a revenue stamp. Only a written declaration with bank details and a canceled cheque leaf is enough. Then, on the wage payment date, transferring to the declared bank account is legally safe and correct.
From India, Pune
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Related Files & Downloads Shared By Members
 1 Amendment to The Payment of Wages Act to pay Salary by Cheque or NEFT.pdf
 Salary-Note.doc
 SALARY SHEET CALCULATION.xls


Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 618577)

India, Jaipur
04 April 2020 04.14.53 PM
Views: 1693 Replies: 1 Appreciations: 0

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