The monthly salary and the daily rate are both an average of the yearly salary. Due to the differing number of work days in each month it is wrong to calculate a daily rate for each month.
Absence / part period payment calculator
Calculation results
Day based calculation
Calculated daily pay rate
Amount to deduct
The usual and most accepted way to adjust a salary for time off is to reduce it by the value of the days off. It can also be done the other way i.e. paying only for the days that have been worked. Paying 16 days of a 21 work day month will calculate to a different amount than deducting the 5 days not worked as the amounts are all averages. To avoid being discriminatory the same method must be used every time for all employees.
Our payroll service
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Online payroll setup
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Step 1. Company details
Step 2. Employee details
Step 3. Confirmation
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