Bonus


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


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

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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