1. What is the Daily Rate Calculation?

The daily rate calculation converts a monthly salary to a daily wage based on the standard 26 working days in a month in Malaysia. This is commonly used for contract workers, part-time employees, and payroll calculations.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Monthly Salary — Gross monthly salary in Malaysian Ringgit (MYR)
• 26 — Standard number of working days in a month in Malaysia

Explanation: This calculation assumes 6 working days per week (Monday to Saturday) which is common in Malaysia, resulting in approximately 26 working days per month.

3. Importance of Daily Rate Calculation

Details: Calculating daily rates is essential for temporary workers, overtime calculations, unpaid leave deductions, and determining part-time wages. It ensures fair compensation based on actual days worked.

4. Using the Calculator

Tips: Enter your monthly salary in MYR. The value must be greater than 0. The calculator will automatically compute your daily rate.

5. Frequently Asked Questions (FAQ)

Q1: Why divide by 26 days?
A: In Malaysia, the standard work week is often 6 days (Monday to Saturday), resulting in approximately 26 working days per month.

Q2: Is this calculation applicable for 5-day work weeks?
A: No, for 5-day work weeks (Monday to Friday), you should divide by approximately 22 days instead of 26.

Q3: Does this include public holidays?
A: This is a simplified calculation. For precise payroll, you should account for actual working days excluding public holidays.

Q4: Is EPF and SOCSO deducted from this rate?
A: No, this calculates gross daily rate before any deductions. Employer contributions would be calculated separately.

Q5: Can I use this for part-time work calculations?
A: Yes, this daily rate can be used as a basis for part-time wage calculations, though actual agreements may vary.