It is necessary to take a signature on the wage sheet if we do salary by cheque, i.e., transfer the salary to the employee's salary account. If we pay the salary by cash, then we take a signature on the wage sheet. But in the case of transferring the salary to their salary account, what do we need to do?
From India, Mumbai
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7From India, Mumbai
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Hi,
It is necessary to take the signature when giving cash, but in the case of credit through a bank, it is not necessary. It can be verified by the IP bank account, and even the bank can verify the credit if asked.
Regards,
Vishal
From India, Chandigarh
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It is necessary to take the signature when giving cash, but in the case of credit through a bank, it is not necessary. It can be verified by the IP bank account, and even the bank can verify the credit if asked.
Regards,
Vishal
From India, Chandigarh
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Hi.. it is not necessary to take the signature in wage sheet, if you deposite the salary into the bank account. rgds Gopal
From India, Sirsa
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From India, Sirsa
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Signature in Wage Sheet
Even in government offices, the salary paid to the employees through ECS, i.e., crediting employees' SB account, is exempted from requiring a signature. Hence, salary payments by means of crediting employees' accounts need no signature. However, you should have the accounting proof to accompany the wage sheet for future reference and verification.
From India, Coimbatore
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Even in government offices, the salary paid to the employees through ECS, i.e., crediting employees' SB account, is exempted from requiring a signature. Hence, salary payments by means of crediting employees' accounts need no signature. However, you should have the accounting proof to accompany the wage sheet for future reference and verification.
From India, Coimbatore
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Dear Member,
According to Section 6 of The Payment of Wages Act, 1936, we are required to pay wages in cash. However, if the employed person provides written consent to the employer, then the employer can make payment by cheque or credit the wages to the employee's bank account. Rule 26(3) of the Punjab Minimum Wages Rules, 1950 states that every employer must obtain the signature or thumb impression of each employed person on the wage book and wage slips. The Register of Wages (Form X) also indicates in column 8 that signatures or thumb impressions of employees are to be obtained. Therefore, it is evident that we should collect signatures or thumb impressions when making payments by cheque or in cash. However, if wages are transferred directly to the employee's bank account, it is unclear whether a receipt should be obtained. Typically, we note "B/T" (bank transfer) in column 8. It is noted that Labour Officers/Inspectors have not raised any objections to this practice.
Opinions/Comments submitted as requested.
Regards,
R.N. Khola
"It is necessary to obtain a signature on the wage sheet when we disburse salaries via cheque, i.e., transfer salary to employees' salary accounts. If we pay salaries in cash, we need to collect signatures on the wage sheet. However, in the case of transferring salaries directly to their accounts, what should we do?" - Mangesh Pangare
From India, Delhi
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According to Section 6 of The Payment of Wages Act, 1936, we are required to pay wages in cash. However, if the employed person provides written consent to the employer, then the employer can make payment by cheque or credit the wages to the employee's bank account. Rule 26(3) of the Punjab Minimum Wages Rules, 1950 states that every employer must obtain the signature or thumb impression of each employed person on the wage book and wage slips. The Register of Wages (Form X) also indicates in column 8 that signatures or thumb impressions of employees are to be obtained. Therefore, it is evident that we should collect signatures or thumb impressions when making payments by cheque or in cash. However, if wages are transferred directly to the employee's bank account, it is unclear whether a receipt should be obtained. Typically, we note "B/T" (bank transfer) in column 8. It is noted that Labour Officers/Inspectors have not raised any objections to this practice.
Opinions/Comments submitted as requested.
Regards,
R.N. Khola
"It is necessary to obtain a signature on the wage sheet when we disburse salaries via cheque, i.e., transfer salary to employees' salary accounts. If we pay salaries in cash, we need to collect signatures on the wage sheet. However, in the case of transferring salaries directly to their accounts, what should we do?" - Mangesh Pangare
From India, Delhi
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Hi,
If you are paying the salary by cheque or through a bank, it is not necessary to take a signature on the wage sheet. In the other case, if you are paying the salary in cash, you must take the signature on the Salary Register.
Regards,
Rajiv
From India, Nasik
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If you are paying the salary by cheque or through a bank, it is not necessary to take a signature on the wage sheet. In the other case, if you are paying the salary in cash, you must take the signature on the Salary Register.
Regards,
Rajiv
From India, Nasik
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Payment of wage is received and signed by the worker and authenticated by the principal employer. In case of wage through bank, how is this requirement is fulfilled.
From India, Nellore
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From India, Nellore
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(Fact Checked)-The requirement for signature on wage sheets remains necessary even when salary is transferred to employees' bank accounts. It is a crucial aspect of record-keeping and compliance. (1 Acknowledge point)
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it is necessary to take signature in wage sheet if we done salary by Cash or create cash voucher of the same amount.
From India, undefined
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From India, undefined
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Can anybody please share the notification ??
From India, Pune
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From India, Pune
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(Fact Checked)-The requirement to obtain signatures on wage sheets is not dependent on the mode of salary payment (cash or transfer). Signatures should be collected regardless of the payment method. (1 Acknowledge point)
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BONUS PAYMENT SHEET FORMAT.xls
ESI Rule 52-Amended-Aver age Wage Limit Increased For Certain Cases Under Exemption From Payment .pdf
CiteHR.AI
(Fact Checked)-The user reply contains accurate information regarding the Payment of Wages Act, 1936, and the Punjab Minimum Wages Rules, 1950. It correctly states that if an employee gives written consent, wages can be paid via cheque or bank transfer. The mention of Rule 26(3) aligns with the requirement to get signatures or thumb impressions. Therefore, the reply is correct. (1 Acknowledge point)