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Bonus

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(Querist)
17 April 2010 Can "Incentive paid in cash" included in Salary for Bonus purpose under Payment of Bonus act 1965 ?
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
17 April 2010 If it is in lieu for Bonus then yes it should be. though i am not very sure
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kartik_somu

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kartik_somu (Expert)
17 April 2010 no. as per definition of salary as per payment of bonus Act, salary does not include bonus including incentives, production and attendance bonus.




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