hi. i am working in small firm,when salary slip issued to me,mode of payment is not mentioned,whether that salary slip is valid..?
From India, Gulbarga
1From India, Gulbarga
Hi Buddy, Yes is valid, Usually mode of payment is not mentioned in pay slip. With Regards Mr.Thumbs Up
From India, Chennai
From India, Chennai
Dear Joshi,
The salary slip normally does not contain the mode of payment. As per the provisions of Income Tax Act, 1961, your net salary is payable Rs.20,000/- and above, your company should disburse your salry through your bank account. If it is less, the payment will be made in cash on the stipulated date. This is the common practice where all the companies and organized sectors are being followed. If you are getting the salary as per pay/salary slip or not ? If yes forget the mode of payment.
Adoni Suguresh
Labour Laws Consultant
From India, Bidar
The salary slip normally does not contain the mode of payment. As per the provisions of Income Tax Act, 1961, your net salary is payable Rs.20,000/- and above, your company should disburse your salry through your bank account. If it is less, the payment will be made in cash on the stipulated date. This is the common practice where all the companies and organized sectors are being followed. If you are getting the salary as per pay/salary slip or not ? If yes forget the mode of payment.
Adoni Suguresh
Labour Laws Consultant
From India, Bidar
The Payment of Wages Act, 1936 stipulates as under with regard to mode of payment :
"6. Wages to be paid in current coin or currency notes –
All wages shall be in current coin or currency notes or in both :
Provided that the employer may after obtaining the written authorisation of the employed person pay him the wages either by cheque or by crediting the wages in his bank account."
So long as they adhere to the above sec. it's OK if your office is covered under this act.
From India, Bangalore
"6. Wages to be paid in current coin or currency notes –
All wages shall be in current coin or currency notes or in both :
Provided that the employer may after obtaining the written authorisation of the employed person pay him the wages either by cheque or by crediting the wages in his bank account."
So long as they adhere to the above sec. it's OK if your office is covered under this act.
From India, Bangalore
Most of the estts. where more no.of employees are on roll use the pre-printed pay slips where many of the employees' particulars find place, such as name, emp.No., month, details of salary, deductions, net, leave, EPF No./ESI No. and also mode of payment like cash or cheque or thru' bank a/c No. In respect of those who have opted for drawing salary thru' bank a/cs only bank name or code is mentioned. Normally bank a/c no. is not mentioned to maintain secrecy. Every code list supported with details of employees and net salary credited is sent to the concerned banks for effecting the credit to the a/c. holders a/c. Here what is important is the mode of payment whether by cash or by bank. cheque payments are not encouraged due to work load involved.
From India, Bangalore
From India, Bangalore
TO: CITE HR
SIR,
1. Most Cos. mention mode of payment as also the A/c.No. of employee for easy ref. The employee can easily check from Bank for any discrepancy in salary payment.
2. Providing details of the Members contributing to the Discussions(with Photo,place etc.,) are appreciable and is a good practice so that Members asking query/clarifications will have the benefit of seeing/knowing the expert who is providing the reply.
Queriest Name with Place/Location may be provided so that those who see the Discussions can know from where the queriest is asking.
Thanks.
28.12.15
From India, Mumbai
SIR,
1. Most Cos. mention mode of payment as also the A/c.No. of employee for easy ref. The employee can easily check from Bank for any discrepancy in salary payment.
2. Providing details of the Members contributing to the Discussions(with Photo,place etc.,) are appreciable and is a good practice so that Members asking query/clarifications will have the benefit of seeing/knowing the expert who is providing the reply.
Queriest Name with Place/Location may be provided so that those who see the Discussions can know from where the queriest is asking.
Thanks.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Salary slip final.xls
Salary slip.doc