Payment of Bonus Act, 1965 · Code on Wages, 2019
Bonus Calculator
Statutory bonus for employees drawing Basic + DA up to ₹21,000/month, calculated on wages capped at ₹7,000 or the applicable state minimum wage, whichever is higher.
Result
Fill in the details and calculate to see the breakdown here.
| Salary Eligibility (≤ ₹21,000) | — |
| Working Days Eligibility (≥ 30 days) | — |
| Calculation Base (monthly, capped) | ₹0 |
| Before Statutory Floor | ₹0 |
Basis: Under the bonus provisions of the Code on Wages, 2019 (carrying forward Section 12 of the Payment of Bonus Act, 1965), where Basic + DA exceeds ₹7,000 or the notified minimum wage for the employment (whichever is higher), bonus is calculated as if the salary were that capped amount. Employees drawing Basic + DA above ₹21,000/month are not statutorily eligible. Annual bonus = capped monthly base × 12 × bonus%, pro-rated for days actually worked in the accounting year. Minimum bonus is 8.33% of eligible wages, subject to a statutory floor of ₹100 (₹60 for employees under 15 years of age) regardless of the formula result; maximum is 20%, subject to the allocable surplus provisions of the Code.