1. What is Daily Rate Salary Calculation?

The daily rate salary calculation converts an annual salary into a daily rate based on 260 working days per year, which is the standard calculation method used in Malaysia (5 working days × 52 weeks).

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Annual Salary — Total yearly compensation in Malaysian Ringgit
• 260 — Standard number of working days in Malaysia (5 days/week × 52 weeks)

Explanation: This calculation provides the daily rate equivalent of an annual salary, useful for contract work, pro-rata calculations, and daily wage determinations.

3. Importance of Daily Rate Calculation

Details: Calculating daily rates is essential for contract workers, freelancers, part-time employees, and for determining pro-rata salaries for partial month work or specific project-based compensation.

4. Using the Calculator

Tips: Enter your annual salary in Malaysian Ringgit. The calculator will automatically compute your daily rate based on 260 working days per year.

5. Frequently Asked Questions (FAQ)

Q1: Why 260 working days?
A: 260 days represents the standard working days in Malaysia (5 days per week × 52 weeks per year).

Q2: Does this include public holidays?
A: No, this calculation assumes 260 working days excluding public holidays and annual leave.

Q3: How is this different from monthly rate calculation?
A: Monthly rate would be annual salary divided by 12 months, while daily rate divides by working days.

Q4: Can I use this for part-time work calculations?
A: Yes, this daily rate calculation can be used as a basis for determining part-time or pro-rata compensation.

Q5: Is this calculation specific to Malaysia?
A: While the 260-day standard is commonly used in Malaysia, other countries may use different standards based on their working day conventions.