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Bonus in kind?

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(Querist)
10 October 2007 CAn the bonus be given in kind. Say what if instead of cash i give say apparel. Will it be called as bonus? Please provide support with yur answer!
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Srinath A. N.

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Srinath A. N. (Expert)
10 October 2007 Bonus Cannot be paid in kind. Section 19 of the PAYMENT OF BONUS ACT, 1965 says the Bonus shall be paid in Cash only.
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CMA Gul S

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CMA Gul S (Expert)
10 October 2007 Rohit,

Also if the salary is above the particular limits u have to pay the bonus as per Section 19



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CMA Gul S

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CMA Gul S (Expert)
10 October 2007 and this has to be in cash only
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Ravikumar.G

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Ravikumar.G (Expert)
10 October 2007 It should be cash only
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CMA Gul S

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CMA Gul S (Expert)
10 October 2007 Right Mr RAvi
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Rohit

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Rohit (Querist)
10 October 2007 Thanx to all and specially srinath.
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Rohit

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Rohit (Querist)
10 October 2007 Thanx to all and specially srinath.




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