Bonus Calculator
Calculate your gross and net bonus along with exact income tax implications under Indian tax laws.
Salary & Bonus Details
₹
₹5,000₹2,00,000
Statutory Bonus Rules (Payment of Bonus Act, 1965)
8.33%
Min: 8.33%Max: 20%
Payment of Bonus Act, 1965: Minimum bonus is 8.33% and maximum is 20% of salary. Applicable to employees earning up to ₹21,000/month. The salary cap for bonus calculation is ₹7,000/month (or minimum wage for the scheduled employment, whichever is higher).
Tax Computation
Gross Bonus₹0
Tax at 5%- ₹0
Health & Education Cess (4% on Tax)- ₹0
Net Bonus (After Tax)₹0
Bonus Summary
Gross Bonus
₹0
Net Bonus: ₹0
Tax on Bonus- ₹0
Net Bonus₹0
Bonus % of Annual Salary0.00%
Annual Salary (Inc. Bonus)₹0
Understanding Your Bonus
Enter your monthly salary, applicable bonus percentage, and tax bracket. The calculator shows your statutory bonus amount and the tax impact on your overall income. It helps you plan how to allocate your bonus across debt repayment, investments, and discretionary spending.
Key Components
- Monthly Salary (Basic + DA): Base for bonus calculations.
- Bonus Type: Statutory, Performance, or Ex-gratia.
- Statutory Bonus Rules: Minimum 8.33%, Maximum 20%.
- Tax Slab Rate: Applicable tax rate + 4% cess.
- Net Bonus: Post-tax payout received in hand.
Statutory Bonus Rules
As per the Payment of Bonus Act, 1965:
- Minimum Bonus: 8.33% of salary
- Maximum Bonus: 20% of salary
- Salary Cap: Capped at ₹7,000/month for computation.
- Eligibility: Employees drawing up to ₹21,000/month.
- Coverage: Establishments with 20 or more employees.