Statutory bonus calculator
Work out the statutory bonus for a person or a team: eligibility, the calculation ceiling, and the bonus at any rate from 8.33% to 20%.
- Planning the yearly bonus payout
- Budgeting bonus cost for the year
- Answering employees' bonus questions
Employee details
Enter your state's minimum wage for the role, if you know it. The ceiling is ₹7,000 or the minimum wage, whichever is higher.
Good to know
Who gets it
Employees earning wages of ₹21,000 a month or less who worked at least 30 days in the year, in establishments with 20 or more people.
How much
At least 8.33% and at most 20% of wages, based on the company's allocable surplus.
The ceiling
When wages are above ₹7,000 or the minimum wage, whichever is higher, the bonus is counted on that ceiling instead.
When to pay
Within eight months of the end of the accounting year.
Pay bonus with payroll, not spreadsheets
USR Payroll is coming soon as an add-on to the USR People Suite: ₹29 ($0.33) per employee a month with the suite, or ₹49 ($0.56) on its own with HRIS, leave and attendance.
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