Statutory Bonus Calculator

Your Monthly Salary (Basic + DA) *
₹
The salary should be between ₹100 and ₹21,000.

Bonus Percentage *
%
The percentage should be between 8.33% and 20%

Minimum Wage in your State
₹
The minimum wage should be less than ₹21,000.
Monthly Statutory Bonus Amount

Bonus calculator is a tool that enables employees and employers to estimate the annual bonus payout based on salary and eligibility criteria. Particularly useful in India, the statutory bonus calculator follows guidelines outlined in the Payment of Bonus Act, 1965, which mandates bonus payments to eligible employees.

This bonus calculator online helps determine the exact amount payable by considering basic salary, dearness allowance (if applicable), and years of service. It’s widely used by HR professionals and payroll managers to maintain compliance and transparency.

Whether you are an employee curious about your expected bonus or an employer calculating bonus disbursements, the online bonus calculator simplifies the task and ensures accurate payouts.


How to Calculate Bonus Based on Salary?

The standard formula used is:

Bonus = (Basic Salary + DA) × Bonus % × Months Worked ÷ 12

Statutory bonus in India is typically paid at a minimum of 8.33% and a maximum of 20% of the annual basic salary + dearness allowance, applicable to employees earning up to ₹21,000/month.

For example, if your monthly basic + DA is ₹18,000 and bonus % is 10%:

Bonus = ₹18,000 × 10% = ₹1,800/month → ₹21,600/year

Using a calculate bonus based on salary tool gives you clarity and saves time.


Frequently Asked Questions:


1. Who is eligible for statutory bonus in India?
Employees earning ₹21,000/month or less and who have worked for at least 30 days in a financial year.
2. Is the bonus percentage fixed?
By law, it ranges from 8.33% to 20% of basic salary + DA.
3. Can I use the bonus calculator for contract employees?
Only if the contract employee qualifies under the Bonus Act conditions.
4. Are performance bonuses included in this calculation?
No, the statutory bonus calculator covers only mandatory bonuses, not discretionary or performance-based bonuses.
5. Is the bonus calculator online accurate?
Yes, it provides a close estimate based on legal guidelines, though exact figures may vary depending on company policies.