Daily Rate Formula:
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The Salary Per Day Calculator calculates daily wage rates in Malaysia based on the standard 26 working days per month. This calculation is commonly used for pro-rata salary calculations, daily rate determinations, and payroll processing in the Malaysian employment context.
The calculator uses the standard Malaysian daily rate formula:
Where:
Explanation: This formula divides the monthly salary by 26 working days to determine the daily rate, which is the standard practice in Malaysia for calculating daily wages and pro-rata salaries.
Details: Accurate daily rate calculation is essential for various employment scenarios including part-time work calculations, unpaid leave deductions, overtime calculations, final salary settlements, and contract worker payments in Malaysia.
Tips: Enter your monthly salary in Malaysian Ringgit (MYR). The calculator will automatically compute your daily rate based on the standard 26 working days per month used in Malaysia.
Q1: Why 26 working days in Malaysia?
A: The 26-day calculation is based on the standard 6-day work week (Monday to Saturday) with 4 Sundays excluded, which is commonly used for salary calculations in Malaysia.
Q2: Is this applicable to all industries in Malaysia?
A: While 26 days is the standard, some companies may use different calculations. Always check your employment contract and company policy for specific calculation methods.
Q3: How is this different from hourly rate calculation?
A: Daily rate divides monthly salary by working days, while hourly rate further divides daily rate by working hours per day (typically 8 hours in Malaysia).
Q4: Can this be used for part-time salary calculations?
A: Yes, this daily rate calculation is commonly used to determine part-time and pro-rata salaries based on actual days worked.
Q5: What about public holidays and annual leave?
A: This calculation assumes all working days. For precise calculations involving leaves and holidays, refer to specific employment terms and Malaysian labor laws.