Salary Calculation Confusion: How Do You Adjust Salaries Based on Hourly Rates?

Richa jalhotra
Can someone help me with how to adjust salaries based on an hourly rate?
jkct15
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.
Richa jalhotra
Thanks a lot for your reply. Why are there 26 days in a month without Sundays included? (Why is 26 mentioned there?) I understand that the work hours are 8 per day.

Understanding Gross Salary

Is gross salary the total salary?

Thanks
jkct15
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

Calculating the per day wage is as follows: Gross/fixed salary/26 = one/per day wage.

Calculating the Per Hour 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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