bonus 33Formula: Basic Salary*8.33% = Bonus per month. 7,000*8.33% = 583 Per Month. If the Basic salary of the employee is hher than Rs 21,000; There is no bonus applicable toWhat is statutory bonus in CTC? Statutory Bonus in India is paid as per Payment of Bonus act (1965). The bonus rate is between 8.33% and 20% based on the ‘available