Bonus Calculator
Calculate employee bonus amount, tax on bonus, and net bonus after tax based on base salary, bonus percentage, and performance factor.
How to Use the Bonus Calculator
- Enter the employee's base salary.
- Enter the bonus percentage.
- Enter the performance factor (0 to 1.5; 1.0 = meets expectations).
- Click Calculate to see gross bonus, tax, and net bonus.
Casos de Uso
- •Calculating employee bonus payments for payroll.
- •Planning annual bonus budgets for HR teams.
- •Communicating expected net bonus to employees.
- •Comparing bonus scenarios at different performance levels.
Fórmula
Bonus = salary × bonus% × performance factor. Tax on bonus = bonus × 13%. Net bonus = bonus − tax.
Perguntas Frequentes
How is a performance bonus calculated?
A performance bonus is typically a percentage of base salary multiplied by a performance factor (0–1.5) based on KPI achievement.
Is a bonus subject to income tax?
Yes, bonuses are generally taxed as ordinary income. The tax is typically withheld at the time of payment.
What is a typical bonus percentage?
Annual bonuses commonly range from 5–20% of salary for most employees, with higher percentages for senior management.