How is daily wage calculated from monthly salary?▼
26 working days basis: Monthly ÷ 26. Calendar basis: Monthly ÷ 30. The Minimum Wages Act uses 26 days.
What is minimum daily wage in India?▼
Varies by state and skill category. Delhi unskilled: ~₹620/day (2024). Check your state's current schedule.
How is leave encashment calculated?▼
Leave encashment = (Monthly salary ÷ 26) × Number of leaves encashed, using the 26-day basis.
How is overtime calculated for daily wage workers?▼
Overtime = 2× normal daily rate. Hourly: Monthly ÷ 208 (26×8) × 2 × overtime hours.
How to convert hourly to annual salary?▼
Annual = Hourly × 8 hours × 26 days × 12 months = Hourly × 2,496.