Dear Sir/Madam, can we make a salary payment in cash ₹15,000/-? If not, how much can we make? Employees/labourers are receiving cash advances daily on a weekly basis.
For example, an employee/labourer drawing a salary of ₹15,000/- takes a cash advance of ₹6,000/-, and then the remaining amount is paid into a bank account at the end of the month. Is this acceptable?
From India, Chennai
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2For example, an employee/labourer drawing a salary of ₹15,000/- takes a cash advance of ₹6,000/-, and then the remaining amount is paid into a bank account at the end of the month. Is this acceptable?
From India, Chennai
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Payment Methods: Bank vs. Cash
It is always better to make all payments through the bank instead of using cash, including advances, loans, etc.
Regards, S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions [Phone Number Removed For Privacy-Reasons]
From India, New Delhi
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It is always better to make all payments through the bank instead of using cash, including advances, loans, etc.
Regards, S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions [Phone Number Removed For Privacy-Reasons]
From India, New Delhi
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Dear Sir, Better to credit the advance amount too in bank account. Mention the advance amount in payslip and get the signature from them. Thanks.
From India, undefined
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From India, undefined
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Salary Payment and Advance Management
Suppose an employee has worked for a week; it would be safe to disburse the six days' payment as they have already worked for it. In case the employee absconds, you are safe as you do not lose anything. Paying them a sum of Rs. 6000/-, almost equal to half the month's salary, puts you at risk. Please ensure precaution and take a written undertaking of this. Also, ensure that this amount has been paid in advance while disbursing the salary at the end of the month. Mention the same on the payslip without fail and keep track of the amount disbursed as an advance in the Salary Advance Register as per the payment made in advance for records.
From India, Chennai
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Suppose an employee has worked for a week; it would be safe to disburse the six days' payment as they have already worked for it. In case the employee absconds, you are safe as you do not lose anything. Paying them a sum of Rs. 6000/-, almost equal to half the month's salary, puts you at risk. Please ensure precaution and take a written undertaking of this. Also, ensure that this amount has been paid in advance while disbursing the salary at the end of the month. Mention the same on the payslip without fail and keep track of the amount disbursed as an advance in the Salary Advance Register as per the payment made in advance for records.
From India, Chennai
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Salary & Compensation Guidelines.zip
Employee Salary file - India 2016 AB.xls