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Daily Salary Formula:
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The daily salary calculation in Malaysia follows the Employment Act 1955, where monthly salary is divided by 26 working days to determine the daily rate. This standard is used for various employment calculations including pro-rated salary, overtime, and leave encashment.
The calculator uses the standard Malaysian formula:
Where:
Explanation: This calculation assumes a standard 6-day work week, which is common in Malaysian employment practices under the Employment Act 1955.
Details: Accurate daily salary calculation is essential for determining overtime rates, calculating pro-rated salaries for partial months, computing unpaid leave deductions, and ensuring compliance with Malaysian labor laws.
Tips: Enter your monthly salary in Malaysian Ringgit (MYR). The calculator will automatically compute your daily rate based on the standard 26-day calculation method used in Malaysia.
Q1: Why divide by 26 instead of 30 or 31?
A: Malaysian labor law typically considers 26 working days per month (based on 6-day work week), which is the standard for salary calculations.
Q2: Is this calculation applicable to all employees in Malaysia?
A: This applies to employees covered under the Employment Act 1955. Some executive positions or specific employment contracts may have different calculation methods.
Q3: What if I work 5 days a week?
A: Even for 5-day work weeks, the 26-day calculation is often used as the standard for daily rate calculations in Malaysia.
Q4: Does this include public holidays?
A: The 26-day calculation typically excludes public holidays, which are considered paid rest days.
Q5: Can this be used for part-time salary calculation?
A: For part-time employees, daily rate calculation may vary based on the specific employment contract and hours worked.