Salary Calculation Formula:
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This calculator converts hourly wages to monthly salary in Malaysia, accounting for regular and overtime hours. It uses the standard Malaysian pay period of 26 working days per month.
The calculator uses the following formula:
Where:
Explanation: The equation calculates weekly earnings including overtime, then multiplies by 26 to estimate monthly salary.
Details: Accurate salary estimation helps employees understand their earnings and employers ensure proper compensation according to Malaysian labor laws.
Tips: Enter regular hours and overtime hours per week, along with your hourly rate. All values must be positive numbers.
Q1: Is overtime always 1.5x in Malaysia?
A: For normal working days, yes. Rates may be higher (2x) for public holidays and rest days.
Q2: Why multiply by 26 days?
A: This is the standard number of working days per month used in Malaysia's payroll calculations.
Q3: Does this include EPF and SOCSO deductions?
A: No, this calculates gross salary before any statutory deductions.
Q4: What's considered full-time hours in Malaysia?
A: Typically 45-48 hours per week, but this can vary by employment contract.
Q5: How accurate is this calculation?
A: It provides a good estimate but actual salary may vary based on specific company policies.