Calculator

Statutory bonus calculator

Compute the annual statutory bonus payable under the Payment of Bonus Act, 1965. Applies the ₹21,000 eligibility ceiling, the ₹7,000 or scheduled-minimum-wage calculation floor, the 8.33% to 20% band and pro-rating by days worked.

Inputs

Provide wage details for the accounting year.

Monthly salary or wage(Section 2(21))

Scheduled minimum wage (monthly, optional)

Leave blank if minimum wage does not exceed ₹7,000.

Days worked in accounting year

Use 365 for a full year. Minimum 30 days required (Section 8).

Bonus rate: 8.33%8.33% to 20%

Rate set by allocable surplus under Sections 10 and 11. Default 8.33% is the statutory minimum.

Result

Annual statutory bonus payable.

Enter wage details to calculate

Provide monthly wage, days worked and rate, then click Calculate.

Method and assumptions

Eligibility ceiling of ₹21,000/month was last revised by the Payment of Bonus (Amendment) Act, 2015 with retrospective effect from 01.04.2014.

Where the employee's salary exceeds ₹7,000 and the scheduled minimum wage for that scheduled employment is higher than ₹7,000, bonus is computed on the minimum wage; otherwise on ₹7,000.

Bonus must be paid within 8 months from the close of the accounting year (Section 19). Disqualifications under Section 9 (fraud, riotous behaviour or theft) are not modelled here.

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