Payroll & HR

Statutory Bonus Calculator

Calculate minimum (8.33%) and maximum (20%) bonus under Payment of Bonus Act 1965. Checks ₹21,000 eligibility and shows TDS impact.

Open in Payroll Calculator Playground

Employee Salary (₹/month)

Eligible only if ≤ ₹21,000/month

Establishment Size

Applicable Minimum Wage (₹/month)

Bonus base = max(₹7,000, min wage), capped at ₹7,000

Employee Tax Slab Rate (%)

Payment of Bonus Act 1965. Applies to factories and establishments with 20+ employees. Minimum 8.33%, maximum 20% of annual salary. Calculation base: higher of ₹7,000 or minimum wage, capped at ₹7,000 for computation.

For general guidance only. Consult your CA for advice specific to your situation.