# Free Statutory Bonus Calculator

> Calculate statutory bonus payable under the Payment of Bonus Act 1965. Free, no sign-up, by Staff Khata.

Under the Payment of Bonus Act, 1965, employees earning up to ₹21,000 a month get a bonus of 8.33% to 20% of their wages for the year, worked out on ₹7,000 a month or the scheduled minimum wage, whichever is higher. Example at the minimum 8.33% on ₹7,000: ₹7,000 × 12 × 8.33% = ₹6,997 a year.

## Inputs

- Basic + DA per Month (₹)
- Months Worked in Year
- Bonus Percentage (%)

## Frequently asked questions

### Who is eligible for statutory bonus?

Employees earning up to ₹21,000 a month who worked at least 30 days in the year, in establishments with 20 or more employees (10 or more in some states).

### When must the bonus be paid?

Within 8 months of the end of the accounting year. Many employers pay it before Diwali.

### Is minimum bonus payable even in a loss year?

Yes. The minimum 8.33% is payable whether or not the business made a profit, except for new establishments in their first five years without profit.

Use the calculator: https://staffkhata.com/free-tools/statutory-bonus-calculator