Bonus Calculator
Work out a bonus amount from annual salary and a percentage, or the reverse.
About the Bonus Calculator
The Bonus Calculator finds the bonus amount from an annual salary and a bonus percentage. It is useful when you receive an offer letter that states a target bonus or when you want to check whether a payout matches the policy.
Bonus equals base salary multiplied by the percentage divided by 100. The result is gross; income tax and other deductions depend on your country, your tax slab and how your employer pays the bonus. Some companies base bonus on a monthly or annual salary and on performance multipliers, so check the definition in your policy.
How to use it
- Enter the annual salary the bonus is based on.
- Enter the bonus percentage.
- Read the bonus amount and the total including bonus.
- Compare scenarios by changing the percentage.
Tips and good to know
- Confirm whether your policy uses basic pay, gross pay or a target amount.
- Prorated bonuses for part-year service need an extra step: multiply by months worked over twelve.
- Remember the figure is before tax.
Frequently asked questions
Does the result include tax?
No, it is the gross bonus.
Can I use a monthly salary?
Yes, but state clearly whether the percentage applies to monthly or annual pay.
What if my bonus is paid in instalments?
Calculate the total here, then divide by the instalments.