Honorarium

Hi,

It can be paid in cash. It is full taxable.

Honorarium income can be shown under the head "other sources" and offered to tax where total income income including it is greater than the non taxable limit.

- In cash, amount should be less than Rs. 2 lacs.

- It is fully taxable and shown under the head Income from other sources.

No expense should be paid in cash to one person in one paid in excess of 10000. If it's in excess of 2 lakh it shall also be taxable in hands of receiver.

Yes the honorarium will be taxable in the hands on employee as income from other sources.

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Thank you

If you claim the honorarium paid to employee you can't claim it as expense if it's 10000 paid in a day to one employee u/s 40A(3).

It will also be taxed in the hands of receipient u/s 269ST if the amount is more than 2 lakh in one day in cash.

Hi,

Yes, honorarium can be paid in cash subject to conditions:

Cash limit- Should be less than 2 lakh as per section 269ST.

Taxability- It is fully taxable and should be shown under the head income from other sources.

It can be paid in cash of the amount is less than 10000. Otherwise, it is advisable to pay via banking channels.

Yes, it's fully taxable in the hands of employee.

Hello Sir,

A payment in the nature of Honorarium can be made in Cash. However it is advisable to pay via non-cash mode.

Taxability :  Honorarium is generally considered as taxable income and is taxable under the head "' Income from Other Sources''. But if the same has been paid to employees then, it shall treated as salary income in the hands of employees.

Thanks

Damini

Hi

Yes it can be paid in cash,but subject to limitation.

It is fully taxable in hands of employee.

Hope it helps