Bonus Calculator
The Bonus Calculator computes statutory bonus for employees earning up to Rs 21000 per month. The Act mandates 8.33% minimum and 20% maximum bonus on eligible salary capped at Rs 7000 per month.
Educational estimate. Calculator results are for planning and information only, not financial, tax, medical, legal, or engineering advice. Verify important decisions with official sources or a qualified professional.
Bonus Calculator
Statutory Bonus Under Payment of Bonus Act
📐 Formula & Method
Standard Formula
Uses standard Indian statutory formulas.
📋 How to Use
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1
Enter the required values.
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2
Click Calculate to see results.
Bonus Calculator Guide
This calculator uses statutory formulas to compute your bonus calculator accurately.
🔬 Methodology & Accuracy
Formula: Uses the standard mathematical formula shown in the Formula & Method section above. All computations run client-side in your browser — no data is sent to our servers.
Data sources: Tax bands, contribution limits and regulatory rates are taken from official US (IRS, SSA) and UK (HMRC, gov.uk) publications for the current tax year, and updated when bands change.
Last reviewed: June 2026 · Accuracy: Results are precise to two decimal places using IEEE-754 double-precision arithmetic. Intended for educational and planning use only.
For informational purposes only. Results are estimates based on the inputs and formulas provided. For financial, tax, medical, or legal decisions, consult a qualified professional. Rates and regulations change — always verify current figures with official sources.