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Daily Rate Calculation:
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The daily rate salary calculation converts an annual salary into a daily rate based on the standard 260 working days per year in Malaysia. This is commonly used for contract workers, part-time employees, and payroll calculations.
The calculator uses the simple formula:
Where:
Explanation: This calculation assumes 52 weeks per year with 5 working days per week, resulting in 260 working days annually.
Details: Accurate daily rate calculation is essential for contract workers, temporary staff, part-time employees, and for calculating pro-rata salaries. It ensures fair compensation based on actual days worked.
Tips: Enter your annual salary in Malaysian Ringgit (RM). The calculator will automatically divide by 260 to provide your daily rate. Ensure the annual salary value is positive and valid.
Q1: Why 260 working days?
A: 260 days is the standard calculation in Malaysia, based on 52 weeks × 5 working days per week, excluding public holidays and annual leave.
Q2: Does this include public holidays?
A: No, the 260-day calculation assumes regular working days only. Public holidays and annual leave are typically paid separately or excluded from daily rate calculations.
Q3: Can I use this for part-time work?
A: Yes, this calculator works for converting annual salaries to daily rates regardless of employment type, but ensure the annual figure represents the full-time equivalent if applicable.
Q4: What if my company uses a different number of working days?
A: Some companies may use 261 or 262 days depending on the year. Check with your HR department for the exact calculation method used by your employer.
Q5: Is this calculation recognized by Malaysian labor law?
A: Yes, the 260-day calculation is widely recognized and used in Malaysia for various employment calculations, though specific contracts may have different terms.