🎁 Bonus Calculator
Calculate your performance bonus, festival bonus, annual bonus, and incentives
📊 How Bonus Calculation Works
Bonus = (Basic Salary × Bonus Percentage) + Fixed Amount - Taxes
• Performance Bonus: Based on individual performance ratings
• Festival Bonus: Fixed amount or percentage of salary
• Annual Bonus: Year-end bonus based on company profits
• Statutory Bonus: Minimum 8.33% of salary as per Bonus Act
🎯 Bonus Calculation Results
📋 Detailed Breakdown
📅 Annual Projection
💰 Related Salary & Finance Calculators
📚 Bonus Guidelines & Rules
🎯 Performance Bonus
Formula: Basic Salary × (Performance Rating/5) × Bonus %
Typical Range: 10-30% of annual salary
Payment: Usually paid annually
🎉 Festival Bonus
Formula: Fixed amount or 1 month's basic salary
Typical Range: ₹5,000 - ₹50,000
Payment: During major festivals
📅 Annual Bonus
Formula: Basic Salary × Bonus % + Company Profit Share
Typical Range: 15-50% of annual salary
Payment: Year-end or financial year-end
⚖️ Statutory Bonus
Minimum: 8.33% of salary or ₹100/month
Maximum: 20% of salary
Eligibility: Employees earning ≤ ₹21,000/month
❓ Frequently Asked Questions
Q: Is bonus taxable in India?
A: Yes, bonus is taxable under the head "Income from Salary". TDS is deducted if bonus exceeds ₹50,000 in a financial year.
Q: What is the minimum bonus as per law?
A: The Payment of Bonus Act mandates minimum 8.33% of salary or ₹100 per month, whichever is higher.
Q: How is performance bonus calculated?
A: Performance bonus = Basic Salary × (Performance Rating/5) × Company's bonus percentage.
Q: When is bonus usually paid?
A: Festival bonus during festivals, annual bonus at year-end, performance bonus after appraisal cycle.