Bonus Calculator - Calculate Bonus & Net Bonus Bonus Calculator
Calculate bonus amount, tax deducted, and net bonus after deductions. Supports percentage-based and fixed bonus with customizable tax rates.
Bonus Details
Bonus Breakdown
Gross Bonus 0
Tax Deducted (TDS) 0
Other Deductions 0
Total Deductions 0
Net Bonus (In-Hand) 0
Detailed Breakdown
| Component | Amount |
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Bonus Calculator - Guide
What is a Bonus?
A bonus is additional compensation paid to an employee beyond their regular salary. Bonuses can be performance-based, annual, festival-related, or contractual. They are typically subject to tax deductions (TDS) and may also have other deductions like EPF contributions.
Bonus Calculation Formula
Percentage-Based Bonus:
Gross Bonus = Base Salary × Bonus Percentage / 100
Tax on Bonus:
Tax = Gross Bonus × Tax Rate / 100
Net Bonus:
Net Bonus = Gross Bonus − Tax − Other Deductions
Types of Bonuses
- Performance Bonus: Based on individual or team performance metrics.
- Annual Bonus: Paid once a year, often as a percentage of salary.
- Statutory Bonus: Mandated by law (e.g., Payment of Bonus Act in India - 8.33% to 20% of wages).
- Signing Bonus: One-time payment when joining a new employer.
- Festival/Holiday Bonus: Paid during festivals or holidays.
How to Use This Calculator
- Bonus Type: Choose percentage-based or fixed amount bonus.
- Salary/Amount: Enter base salary and bonus percentage, or the fixed bonus amount.
- Tax Rate: Select the applicable TDS rate on bonus.
- Deductions: Enter any other deductions from the bonus.
- Results: View gross bonus, deductions, and net bonus received.
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