1. What is Bonus Percentage?

The bonus percentage represents how much a bonus payment is relative to the base salary. In Sri Lanka, this calculation helps employees understand the proportion of their bonus compared to their regular earnings.

2. How Does the Calculator Work?

The calculator uses the bonus percentage formula:

Where:

• \( Bonus \) — The bonus amount in dollars
• \( Salary \) — The base salary amount in dollars

Explanation: The formula calculates what percentage the bonus amount is of the total salary.

3. Importance of Bonus Percentage Calculation

Details: Understanding bonus percentage helps employees evaluate their compensation package and compare benefits across different job offers or years.

4. Using the Calculator

Tips: Enter both bonus and salary amounts in dollars. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is a typical bonus percentage in Sri Lanka?
A: Bonus percentages vary by industry and company, but common ranges are 10-30% of annual salary.

Q2: Is bonus taxed differently than salary in Sri Lanka?
A: In Sri Lanka, bonuses are typically taxed as part of normal income, but specific tax treatments may apply.

Q3: Can this calculator be used for monthly salary and bonus?
A: Yes, as long as both amounts are for the same time period (monthly, annually, etc.).

Q4: How does bonus percentage affect total compensation?
A: A higher bonus percentage means a greater proportion of compensation comes from variable pay rather than fixed salary.

Q5: Are there legal requirements for bonuses in Sri Lanka?
A: Some industries may have mandatory bonus requirements, but this varies by employment contract and sector.