Revenue Stamp Usage and its guidelines

Revenue Stamps are used for cash payments made on and above a specific amount.

1. Every cash payment more than Rs. 5000.
2. It will be used as a proof that the payment has been made to the person signed the cash voucher.

Section 2(2 3) of the Indian Stamp Act 1899 makes it mandatory for affixing of stamp on any receipt as defined therein above Rs. 5000.

2(23) "Receipt" includes any note, memorandum or writing-

(a) whereby any money, or any bill of exchange, cheque or promissory note is acknowledged to have been received, or
(b) whereby any other movable property is acknowledged to have been received in satisfaction of a debt, or
(c) whereby any debt or demand, or any part of a debt or demand, is acknowledged to have been satisfied or discharged, or
(d) which signifies or imports any such acknowledgment;
and whether the same is or is not signed with the name of any person "

Source: http://www.taxworry.com/2007/01/why-stamp-of-rs-one-has-great-value-in.html

Q---In case of getting signature from employees in the salary register, what is the limit for affixing revenue stamp and getting sign on the above?

ANS-- Revenue Stamp is to be affixed in cases where the net payment to a person at one moment exceeds Rs. 5000.00. As such, affix the revenue stamp in cases where the payment of salary exceeds the said limit of Rs. 5000.00.

Q-- One more doubt if the salary is credited through bank, is it necessary to get sign of employees in salary register?

ANS-- If it's thru bank then no need to take the signature on salary register.