Who Is Eligible For Bonus

Respected all
I would like to give my clearance on this topic
The Bonus is eligible on any employee whose Basic + DA is Less Then 10000/-(Ten Thousand). He Will be entitled to get fix 3500/- p.m as he has completed 30 days .
regards
Anand
HR Executive

Dear
In accordance with the provision of the Bonus Act, an employee who has worked for 30 working days in an accounting year in an establishment/company will be eligible for Bonus. There is an another provision that the monthly basic salary of an employee should be upto Rs. 10000/- per month. Obviously the person who has joined in July 2007 will be eligible for getting bonus.
Regards
R B Yadav

Dear Armaan,
If the employee has completed only 4 months in organisation (i.e. from month of July) then he/she will not be eligible to receive bonus until or unless has completed such financial year (till 31st of March). Either has completed the probation period.
The policy of organisation to organisation it might be possible to vary.
Regards:
Vikas Ranjan

Hi,
Can any body conclude the views put on this, As I could see these are major topics discussed with Various views.
what is the eligibility criteria,
what is the ceiling amount to be considered ( with respect to Basic or total earnings),
What amount has to give as a Bonus,
on which basis the bonus amount should get calculate and
the Eligibility of Bonus before April and After April joiner,
Please conclude a post, So that users can best use of it.

sir,
Please clerify that if an employee is getting morethan 10,000/- (Basic+DA) then he is eligible for bonus or not what is the provision for exgratia.
Regards
Harendra singh
8979178239