Home
Back
Monthly to Daily Formula:
| From: | To: |
The Monthly to Daily calculation converts a monthly salary into an equivalent daily rate based on standard working days. This is commonly used for payroll calculations, contract work, and temporary employment arrangements.
The calculator uses the standard formula:
Where:
Explanation: This calculation assumes a standard work year of 260 days (52 weeks × 5 days) divided by 12 months to get the average monthly working days.
Details: Accurate daily pay calculation is essential for temporary workers, contractors, part-time employees, and for prorating salaries when employees start or leave mid-month.
Tips: Enter your monthly salary amount in the currency field. The calculator will automatically compute the equivalent daily rate based on standard working days.
Q1: Why use 21.67 as the divisor?
A: 21.67 represents the average number of working days per month (260 working days per year ÷ 12 months = 21.67).
Q2: Is this calculation accurate for all months?
A: This provides an average. Actual daily rates may vary by specific month due to different numbers of working days.
Q3: Can I use this for hourly calculations?
A: For hourly rates, divide the daily rate by the number of working hours per day (typically 7.5 or 8 hours).
Q4: Does this account for holidays?
A: The 21.67 factor includes average holiday allowances for standard full-time employment.
Q5: Is this calculation applicable worldwide?
A: While widely used, some countries may have different standard working days. Adjust the divisor for local regulations.