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vipulpatel   18 September 2017

salary procidure regarding

Till last month while payment of wages to employee of our plant the employee having more then 5000 rs salary paid directly by benk to ac of labour and after that we take sign of employee on revenue ticket Now I want to know that if we not use revenue stamp because we already pay by benk so our new way of payment will create any problem in future ?


 5 Replies

darshana sawant (associate consultant)     19 September 2017

Dear Vipul,


It is permissible by Payment of Wages Act Section 5 to pay wages by cheque or by crediting them in the bank account if so autorised in writing by an employed person.  Therefore, please take the written authority from all the employees to credit the salary into their accounts.  If you are located in Maharashtra, then if the employee is drawing more than Rs 3000 wages shall be paid to him either by account payee cheque or by crediting the wages into his bank account.

P. Venu (Advocate)     19 September 2017

No recept/acquittance be taken if the payment is made through the Bank.

Kumar Doab (FIN)     20 September 2017

Agreed with Experts.............

vipulpatel   21 September 2017

Ok thanks for guidance

Kumar Doab (FIN)     21 September 2017

You are welcome.

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