Can someone help me how to cut salary according to hourly base??
From India, Rohtak
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1From India, Rohtak
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Hi!
You can break the monthly salary into hourly wages and deduct it. The formula for this calculation is as follows: gross salary/26/8 = one-hour wage (26 is given in the minimum wages to derive a per-day wage).
For example, if the salary is $10,000, then 10,000/26/8 = $48.07 as the hourly wage.
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You can break the monthly salary into hourly wages and deduct it. The formula for this calculation is as follows: gross salary/26/8 = one-hour wage (26 is given in the minimum wages to derive a per-day wage).
For example, if the salary is $10,000, then 10,000/26/8 = $48.07 as the hourly wage.
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Dear Thanks alot for u reply. 26 are days in 1 month in which Sunday in not included (why 26 in mentioned there) ? (I got that 8 is per day 8hours work) and gross salary is total salary? Thanx
From India, Rohtak
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From India, Rohtak
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Hi,
If you refer to the minimum wages gazette, a clause is given as "to arrive at a daily wage, the monthly wages shall be divided by 26."
Calculating the per day wage is as follows: Gross/fixed salary/26 = one/per day wage.
Calculating the per hour wage is as follows: one/per day wage/8 (8 is the number of working hours in a day).
Gross salary is fixed or total salary.
Hope this will give you a better understanding!
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If you refer to the minimum wages gazette, a clause is given as "to arrive at a daily wage, the monthly wages shall be divided by 26."
Calculating the per day wage is as follows: Gross/fixed salary/26 = one/per day wage.
Calculating the per hour wage is as follows: one/per day wage/8 (8 is the number of working hours in a day).
Gross salary is fixed or total salary.
Hope this will give you a better understanding!
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Salary-Note.doc
SALARY SHEET CALCULATION.xls