When is an employee eligible for Statutory Bonus?


1. Monthly Basic plus DA should be equal to or less than Rs. 21,000

2. The employee should be in permanent or full-time employment

3. In a financial year a minimum 30 working days are required


The Bonus act set Limits for Bonus one is a minimum of 8.33% and another is a maximum of 20%. We calculate bonus on Basic Salary in an accounting year.

The time limit for payment of bonus:

As per the Act, all amounts payable to an employee by the way of bonus, are to be paid within 8 months from the close of the accounting year the bonus should be paid to the employees.

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