| Month | Basic + DA Amount | Minimum Wage Amount | Total Day | Payable Day | Qualify Wage | Bonus Amount |
|---|---|---|---|---|---|---|
| Total | 0 | 0 | 0.00 | 0.00 | ||
The total annual Statutory Bonus amount is: ₹0
Annual Bonus Calculator for India - User Guide
Overview
This calculator helps you determine the statutory bonus amount for employees in India based on their Basic + DA (Dearness Allowance) salary, minimum wage requirements, and applicable bonus percentage.
How to Use the Calculator
Step 1: Enter Basic Information
- Basic + DA Amount
- Enter the monthly Basic + DA amount paid to the employee
- This is the actual salary component excluding other allowances
- The amount will automatically populate for all months
- Minimum Wage Amount
- Enter the applicable minimum wage as per your state regulations
- This amount will be used as a reference for bonus calculations
- The value will automatically populate for all months
- Bonus Percentage
- Enter the applicable bonus percentage (typically between 8.33% to 20%)
- Common values:
- 8.33%: Minimum statutory bonus
- 20%: Maximum statutory bonus
Step 2: Review Monthly Details
The calculator displays a table with the following columns for each month:
- Month: April to March (Indian Financial Year)
- Basic + DA Amount: Pre-populated from your input
- Minimum Wage Amount: Pre-populated from your input
- Total Days: Number of days in the month (pre-filled)
- Payable Days: Actual working days (defaults to total days)
- Qualify Wage: Automatically calculated based on these rules:
- If minimum wage < ₹7,000:
- If Basic + DA > ₹7,000, qualify wage = ₹7,000
- If Basic + DA < minimum wage, qualify wage = minimum wage
- Otherwise, qualify wage = Basic + DA
- Bonus Amount: Calculated automatically
Step 3: Adjust Monthly Details (if needed)
- You can modify individual month's values if there are variations
- Update "Payable Days" if the employee was absent or joined/left mid-month
- Changes will automatically recalculate the bonus amount
Step 4: Review Results
At the bottom of the table, you'll find:
- Total days across all months
- Total payable days
- Sum of qualifying wages
- Total bonus amount for the year
Important Notes
- The calculator follows Indian statutory bonus calculation rules
- All amounts should be entered in Indian Rupees (₹)
- The financial year is considered from April to March
- The calculator automatically updates results when you change any value
- Monthly values can be adjusted individually if needed
- The system enforces the ₹7,000 ceiling for bonus calculation as per law
Troubleshooting
- If results seem incorrect, verify:
- Basic + DA amount is entered correctly
- Minimum wage amount is accurate for your state
- Bonus percentage is entered correctly
- Payable days are properly adjusted for leaves/absences
- All fields should contain numeric values only
- Reset the calculator by refreshing the page if needed
Legal Disclaimer
This calculator is designed to assist in bonus calculations but should not be considered as legal advice. Always verify calculations with your HR/payroll department and ensure compliance with current labour laws and regulations.
You May Check Also :