Ads by Google

Sunday, March 12, 2017

Digital Payment of Salaries

The Lok Sabha has passed the Payment of Wages (Amendment) Bill, 2017 on 7th Feb 2017, which allows for digital payment of salaries or through cheque. The bill will now go to Rajya Sabha and following its passage in the upper House, the amendments will be notified.
Note: 
The move will enable employers to pay wages of less than Rs.18,000 a month by cheque or digitally to bank accounts, besides in cash, by doing away with the requirement of employees' written consent for the same.

No comments:

Post a Comment

loading...