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In order to calculate the bonus, especially under the statutory bonus rules, you need to go through the guidelines set under the Bonus Act. Super Payroll – the best payroll software – simplifies this process with a handy statutory bonus calculator.
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Will customized solution for your needs
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Empowering users with user-friendly features
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Driving success across diverse industries, everywhere.
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Superworks
Modern HR Workplace
Your Partner in the entire Employee Life Cycle
From recruitment to retirement manage every stage of employee lifecycle with ease.
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Seamless onboarding & offboarding
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Automated compliance & payroll
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Track performance & engagement
Bonus Calculation
Skip the never-ending manual bonus calculations
Start using highly efficient and powerful Super Payroll to end the trouble of paying bonuses!
Trusted by 500+ Industry Leaders
Make your bonus distribution simple & quick
Proceed for 100% stress-free statutory bonus calculation with Super Payroll
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Review Monthly Bonus
Get details of an employee’s monthly bonus in one click. Review the bonus provided to each employee. Also, review the previous bonus list and make an informed decision. Do all these activities in just a few minutes, instead of scrolling through multiple reports.
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Check Bonus Status
Monitor the status of bonuses using an intuitive platform & stay updated with bonus allocations in real-time. With the help of user-friendly dashboards & detailed reports, track the distribution of bonuses and never miss any employee.
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Multiple-month bonus
Save time and effort by automating the process of consistent monthly bonus distribution. Adjust amounts as per your choice for a specific period, and schedule distribution with no error.
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Special Bonus Settings
Give a special bonus to employees who worked dedicatedly entire month without any leaves and promote a culture of reliability and dedication within your organization. Exceptional reward for exceptional commitment is a must to lift your team’s confidence!
Get details of an employee’s monthly bonus in one click. Review the bonus provided to each employee. Also, review the previous bonus list and make an informed decision. Do all these activities in just a few minutes, instead of scrolling through multiple reports.
Monitor the status of bonuses using an intuitive platform & stay updated with bonus allocations in real-time. With the help of user-friendly dashboards & detailed reports, track the distribution of bonuses and never miss any employee.
Save time and effort by automating the process of consistent monthly bonus distribution. Adjust amounts as per your choice for a specific period, and schedule distribution with no error.
Give a special bonus to employees who worked dedicatedly entire month without any leaves and promote a culture of reliability and dedication within your organization. Exceptional reward for exceptional commitment is a must to lift your team’s confidence!
Plan to include or not the earnings in ESI contributions
This helps to make sure that all employee earnings, including statutory bonus calculation, are accounted for in the Employees' State Insurance (ESI) scheme. By incorporating bonuses into ESI contributions, you maintain adherence to statutory ESI requirements and provide comprehensive social security coverage.
Timely employee compensation
Reflects accurate payments
Promotes fairness
Add a reason for the bonus allocation to ensure transparency
Here, you can easily maintain clear documentation and justify the bonus allocation. The 'Add Reason' feature supports a culture of fairness and clarity, allowing you to track and understand the reasons behind each bonus given, as it can be provided for different reasons.
Outstanding performance
Helps achieve specific targets
Or any other criteria
Plan if you want it to be taxable or not
This option allows you to classify statutory bonus eligibility as per all relevant tax regulations effortlessly. You can use the statutory bonus calculator to determine the taxable amount accurately. By clearly defining whether a bonus is taxable, you can plan your finances for both the company & employees.
Simplify tax filing
Maintain transparency
Avoid potential legal issues
You can decide whether you want to include the bonus in EPF contributions or not
Follow compliance with the EPF rules and regulations. This helps to maintain accurate records and may provide additional benefits to employees. You just have to select or unselect it at your and your employees' convenience. It simply shows your commitment to their financial well-being.
It encourages employees
Makes a reliable payroll system
Builds trust factor
Statutory Bonus Calculator
Process your Bonus Calculations hassle-free
Transform your bonus distribution with the best payroll software
Transparent Salary Documentation for Calculation
Choose whether you want to display the bonus as an 'ADDITIONAL' component in the salary slip or not. You can also decide how you want to consider a particular salary component in financial terms.
Simplify Bonus & Deduction Distribution Process Efficiently
Add recurring as well as one-time bonuses and deductions to streamline calculations and speed up your payroll processing. You can even mention the type and reason.
Pre-determine the approval chain
Select who you want to approve that particular request. You can also skip it if you want to approve it without any approvals, or you can set conditions for multi-level approvals.
Add & deduct incentives directly
Choose if you want to add or deduct any additional earnings or incentives inside or outside payroll. For multiple employees, you can import the sheet and do hours of updates in just a few minutes.
Reward your team effortlessly with the advanced bonus features of Super Payroll!
Hear why 200+ HRs choose Super Payroll software
Ease your payroll processing with the best payroll software
Rahul M.
Talent Acquisition Specialist
Working with Excel sheet and Google docs was super frustrating for us. After getting Superworks, we easily do the business operations. It excels in its user-friendly interface.
Komal J.
Human Resources Executive
After a comprehensive assessment, I must commend Super work's HRMS system. It seamlessly integrates various functionalities, elevates user experience, and notably amplifies organizational efficiency.
Jignesh K
CEO
I like Payroll, PMS, and Chat and the most amazing thing is that all of these are connected with each other so you don't have to manage everything separately with different software.
Mahendra B.
Game Project Manager
Comprehensive Solutions: It's offers a wide array of tools and features, covering internal communication, project management, HR management, payroll, and recruiter management.
Laxmi C.
Human Resources Specialist
Superworks help me to manage my daily task,I feel this is very useful and easy to use,I will definitely recommend this to my contact. I am satisfied with all the features.
Hardik V
Android Developer
PMS, HRMS can be integrated with chatting app so no need to login from website and everything can be handled from one app.
Paresh B.
Open Source Architect
The best thing I like about SuperWorks is that it has every feature that we need to run our company. Starting from recruitment to hiring to employee management, attendance, payroll.
Kratika T.
Human Resources Executive
It looks like you've entered a short phrase, "support feedback." If you have a specific question or if there's something specific you'd like assistance with regarding support feedback.
Siddharth k
CTO
UBS is the best and most effective tool to manage our company infrastructures like HRMS, PMS, Chat, and payrolls and increase our productivity too. We have been happy customers.
Zeel b.
Mid-Market
I have been using Superworks for some months, but I can say it is the interface is very easy to use for my employees. It has everything we need for managing employee documents.
Twinkle G.
Human Resources Manager
One of the most valuable features of a good HRMS system is its ability to integrate various functions into a single platform. Additionally so many things are like- centralised data management.
Alpeshkumar G
Engineering Lead
Integration between PMS, Payroll, Time tracking and financial reporting are superb.
Manish C.
Information Technology
As a project manager, I always wanted to manage my all tasks effortlessly. However, it was very messy before we considered Superworks. I have used multiple tools and right now.
Neeraj S.
Chief Executive Officer
Superworks' Core HR module simplifies our employee management processes. From creating and maintaining employee profiles to managing critical documents and policies.
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FAQs
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Integrate payroll software and reduce your payroll time
Choose Super Payroll and maintain your business's transparency
- Automated
- Easy-to-use
- Reliable
- Cost-effective
