Home
Back
Daily Rate Formula:
| From: | To: |
The Daily Rate Salary Calculation is used to determine the daily wage based on monthly salary in Singapore. This calculation follows the standard practice of dividing monthly salary by 26 working days, which is commonly used for pro-rated salary calculations, overtime pay, and daily wage determinations.
The calculator uses the daily rate formula:
Where:
Explanation: This formula divides the monthly salary by 26 working days to determine the daily rate, which is commonly used for various employment calculations in Singapore.
Details: Accurate daily rate calculation is crucial for determining pro-rated salaries for part-time work, calculating overtime pay, computing salary for incomplete months, and understanding daily wage structures in employment contracts.
Tips: Enter your monthly salary in Singapore Dollars (SGD). The calculator will automatically compute your daily rate based on the standard 26 working days per month used in Singapore.
Q1: Why use 26 days instead of 30 or 31 days?
A: In Singapore, 26 days is the standard number of working days used for salary calculations, accounting for weekends and public holidays in a typical month.
Q2: Is this calculation applicable for all employees?
A: This calculation is commonly used but may vary depending on employment contracts. Always refer to your specific employment agreement for exact calculations.
Q3: How is this used for pro-rated salary?
A: For employees who join or leave mid-month, the daily rate is multiplied by the number of actual working days to calculate pro-rated salary.
Q4: Does this include CPF contributions?
A: This calculation is based on gross salary before CPF deductions. CPF contributions are calculated separately based on the gross salary.
Q5: Can this be used for overtime calculations?
A: Yes, the daily rate is often used as a basis for calculating overtime pay rates, though specific overtime rates may vary by employment contract.