Statutory bonus calculator
Estimate annual bonus under the Payment of Bonus Act, 1965.
Annual bonus payable
₹6,997
Payment of Bonus Act, 1965. Bonus is computed on the lower of Basic + DA and ₹7,000 (or the minimum wage, if higher). Indicative only.
How statutory bonus works
Under the Payment of Bonus Act, 1965, employees earning up to ₹21,000 per month (Basic + DA) are eligible. Bonus is a minimum of 8.33% and a maximum of 20% of the calculation wage, where the calculation wage is the lower of Basic + DA and ₹7,000 (or the minimum wage for the employment, whichever is higher), for each month worked. Figures here are indicative.
NeevHR does this for your whole payroll, automatically
Gratuity, HRA, PF and TDS computed every cycle, statutory-accurate.
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