1. What is Half-Monthly Salary?

Half-monthly salary refers to the amount an employee earns every half month (twice per month), calculated by dividing the annual salary by 24 payment periods.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Annual Salary — Total yearly compensation before deductions
• 24 — Number of half-month periods in a year (12 months × 2)

3. Importance of Half-Monthly Calculation

Details: Calculating half-monthly salary helps employees and employers understand payment distributions, budget accordingly, and compare compensation structures.

4. Using the Calculator

Tips: Enter your gross annual salary in the currency of your choice. The calculator will output the amount you would receive each half-month period.

5. Frequently Asked Questions (FAQ)

Q1: Is half-monthly the same as biweekly?
A: No, half-monthly means twice per month (24 pay periods/year), while biweekly means every two weeks (26 pay periods/year).

Q2: Does this include taxes and deductions?
A: No, this calculates gross half-monthly salary before any deductions.

Q3: What if I'm paid weekly or monthly?
A: For weekly, divide annual salary by 52. For monthly, divide by 12.

Q4: Are there countries where half-monthly pay is standard?
A: Yes, some Asian countries like the Philippines commonly use half-monthly pay periods.

Q5: How does this affect overtime calculations?
A: Overtime is typically calculated based on hourly rates, not half-monthly salary.