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In order to calculate the bonus in salary, especially under the statutory bonus rules, you need to go through the guidelines set by the Bonus Act. Superworks [the best payroll software] simplifies this process using its salary bonus calculator.
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Will customized solution for your needs
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Driving success across diverse industries, everywhere.
Grab a chance to avail 6 Months of Performance Module for FREE
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Optimize Workforce Management
Automate Payroll & Compliance
Enhance Employee Engagement
Bonus Calculation
Bonus calculationwith AI made easy!
Start using highly efficient and powerful Super Payroll to end the trouble of paying bonuses!
More than 500+ companies trusted us
Transform your bonus distribution: make it more efficient and effortless!
Ensure 100% stress-free statutory bonus calculation with us!
Avail Monthly Bonus
Easily deposit monthly bonus directly in the employee account from the company's account and ensure a seamless and hassle-free transfer at lightening speed- employee bonus calculation simplified!
Check Bonus Status
Monitor status of bonuses with ease using intuitive platform & stay updated with bonus allocations in real-time. With user-friendly dashboards & detailed reports, track the distribution of bonuses
Multiple month bonus
Save valuable time and effort by automating the process of consistent monthly bonus distribution according to your preferred timeline. Adjust amounts accordingly- Schedule distribution with 0% possibility of error!
Special Bonus Settings
You can provide a special bonus for employees who are present for a full month to promote a culture of reliability and dedication within your organization. Exception reward for exceptional commitment!
Easily deposit monthly bonus directly in the employee account from the company's account and ensure a seamless and hassle-free transfer at lightening speed- employee bonus calculation simplified!
Monitor status of bonuses with ease using intuitive platform & stay updated with bonus allocations in real-time. With user-friendly dashboards & detailed reports, track the distribution of bonuses
Save valuable time and effort by automating the process of consistent monthly bonus distribution according to your preferred timeline. Adjust amounts accordingly- Schedule distribution with 0% possibility of error!
You can provide a special bonus for employees who are present for a full month to promote a culture of reliability and dedication within your organization. Exception reward for exceptional commitment!
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
You are free to decide if the bonus should be taxable or not!
This option allows you to classify statutory bonus eligibility as per all relevant tax regulations effortlessly. You are to 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 company & employees.
Simplify tax filing
Maintain transparency
Avoid potential legal issues
It's your choice to include the bonus in EPF contributions or not!
Ensure full compliance with the EPF rules and regulations. Just so you can 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
And build trust
Include or not the bonus in ESI contributions.
This ensures 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 for your employees.
Timely employee compensation
Reflects accurate payments
Promotes fairness
Statutory Bonus Calculator
Effortlessly handle your Statutory Bonus Calculation with Superworks
Transform your bonus distribution with Payroll Experts
Transparent Salary Documentation for Calculation
Choose whether to display the bonus as an 'ADDITIONAL' component in the salary slip.
Simplify Bonus Distribution Process Efficiently
Set a default bonus amount for streamlined calculations & speed up Statutory Bonus Calculation.
Set Bonus Range - Customize as Per Policy.
Create a structured & transparent bonus allocation process that motivates employees
Avail Different Types of Bonus.
Implement different bonus types and foster employee satisfaction & retention
Reward your team effortlessly with the advanced bonus features of Super Payroll!
Look how our software has helped 200+ needed HRs!
Choose the best payroll software to Boost Employee Morale!
“Seamless Support and Exceptional Customer Experience: At our company, we truly value the impeccable support service and exceptional customer experience offered by Superworks. Their dedicated support team consistently goes above and beyond to address our needs promptly and efficiently. This level of commitment sets Superworks apart in the industry and makes our partnership with them a true pleasure.”
Neeraj Singal
Tagbox | Co-Founder & CEO
“Superworks is the go-to solution for all your HR requirements. For small teams like ours that are looking to grow fast, having an integrated suite of products for all HR functions is key. Customer support is super responsive, if you get stuck issues are resolved within hours.”
Deepak Dhanak
DocuX.ai | Co-Founder & CEO
“Super tool for automating business processes. For a small team like ours it helps automate most business processes from HR to Ticketing and more. You can also do resource planning and workflow automation and more. Plus it super easy to use and implement. Automating multiple workflows for our employees saves a ton of time”
Gaurav Bhawnani
Knit | Founder
“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. Hats off to their team for developing such a sophisticated and user-centric platform by driving operational efficiency!”
Komal Jardosh
Sr. HR Executive
“SuperHRMS is super. Support team is good team as well as very helpful. 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, please provide more details or context, and I'll do my best to help!”
Kritika Thakur
Jyoti Technosoft LLP | HR Manager
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