🎁

Bonus Calculator

Calculate statutory bonus, performance bonus, festive bonus, and retention bonus with tax implications.

₹10K₹1L
30 days365 days

Bonus Types

  • • Statutory: Mandatory by law (8.33%)
  • • Performance: Based on achievements
  • • Festive: Given during festivals
  • • Retention: For long service

Bonus Calculation

Gross Bonus Amount

1,749

8.33% of eligible salary (max ₹7,000)

Monthly Basic Salary40,000
Pro-rata Bonus (280 days)1,342
Tax on Bonus (Est. 30%)-₹525
Net Bonus (After Tax)1,225
Monthly Equivalent146/mo

✅ Statutory Bonus: Mandatory for employees earning up to ₹21,000/month. Must be paid within 8 months of financial year end.

⚠️ Note: Bonus is fully taxable. TDS will be deducted as per your tax slab. This is an estimate based on 30% tax bracket.

About This Calculator

The Bonus Calculator Calculator helps you estimate the future value of your investments and plan your financial goals effectively. Whether you're saving for retirement, children's education, or wealth creation, understanding potential returns is essential. Our calculator shows projected maturity amount, total investment, and returns based on your inputs. It accounts for compound interest and provides year-wise growth projections. Use this tool to compare different investment scenarios and make informed decisions. Start planning your financial future today with accurate calculations at your fingertips.

How It Works

Bonus Calculator works on the principle of compound interest, where your returns generate additional returns over time. The power of compounding significantly increases your wealth in the long term. Regular investments, even small amounts, can grow substantially over extended periods. Key factors affecting your returns include the investment amount, expected rate of return, investment frequency, and time horizon. Historical data shows that equity investments typically offer 12-15% returns, while debt instruments provide 7-9% returns over the long term. However, past performance doesn't guarantee future results. Our calculator helps you set realistic expectations and plan accordingly. It's important to start investing early to maximize the benefits of compounding. The calculator uses mathematical formulas to project future values based on your inputs.

Example Calculation

Scenario: Monthly investment of ₹10,000 at 12% for 15 years

  • • Monthly Investment: ₹10,000
  • • Expected Return: 12% per annum
  • • Investment Period: 15 years

Frequently Asked Questions

What is statutory bonus?

Statutory bonus is mandatory under Payment of Bonus Act, 1965 for employees earning up to ₹21,000/month. It's 8.33% of salary or ₹7,000 per year (whichever is lower). Applicable to establishments with 20+ employees.

Who is eligible for statutory bonus?

Employees who worked minimum 30 days in a year and earn up to ₹21,000/month are eligible. Bonus is calculated on basic + DA, excluding overtime, commission, and other allowances.

What is performance bonus?

Performance bonus is discretionary, given based on individual/company performance. Typically 10-30% of annual salary. Not mandatory by law. Depends on company policy and performance metrics.

Is bonus taxable?

Yes, all bonuses are fully taxable as salary income. Tax is deducted at source (TDS) as per your tax slab. Bonus is added to annual income for tax calculation.

When is bonus paid?

Statutory bonus: Within 8 months of financial year end. Performance bonus: Usually with annual appraisal (March-April). Festive bonus: During festivals (Diwali, etc.). Retention bonus: As per agreement terms.