Payroll Daily Rate Calculator

Payroll Daily Rate Calculator

Annual Salary Monthly Salary Bi-weekly Salary Weekly Salary

Payroll Results

Daily Rate $0.00

Hourly Rate $0.00

Annualized Total $0.00

How to Calculate Your Payroll Daily Rate

Understanding your daily rate is essential for calculating pro-rated salary for mid-month hires, deductions for unpaid leave, or determining compensation for freelance contracts. While many employees focus on their annual or monthly salary, the daily rate provides a granular view of your labor's value.

The Standard Formula

Most payroll systems use the 260-day rule for full-time employees (52 weeks multiplied by 5 working days). The formula changes based on your pay cycle:

• From Annual Salary: Total Salary ÷ 260 (or Days per Week × 52)
• From Monthly Salary: (Monthly Salary × 12) ÷ 260
• From Weekly Salary: Weekly Salary ÷ Days per Week

Practical Examples

Example 1: Annual Salary
If you earn $65,000 per year and work a standard 5-day week:
$65,000 / 260 days = $250.00 per day.

Example 2: Monthly Salary
If you earn $4,500 per month and work a 4-day week:
Annualize first: $4,500 × 12 = $54,000.
Total work days: 4 days × 52 weeks = 208 days.
$54,000 / 208 days = $259.62 per day.

Why the Daily Rate Matters

Payroll departments use the daily rate to ensure fairness in specific scenarios:

1. Partial Pay Periods: If you start a job on the 10th of the month, the daily rate determines how much you earn for the remaining days.
2. Unpaid Leave: Deductions for absence without leave are typically calculated using the daily rate.
3. Overtime Base: In some jurisdictions, the hourly rate (derived from the daily rate) is used to calculate time-and-a-half or double-time pay.
4. Holiday Pay: Calculating entitlement for part-time workers often requires knowing the average daily wage.

function calculateDailyRate() { var payAmount = parseFloat(document.getElementById('payAmount').value); var payCycle = document.getElementById('payCycle').value; var daysPerWeek = parseFloat(document.getElementById('daysPerWeek').value); var hoursPerDay = parseFloat(document.getElementById('hoursPerDay').value); var resultContainer = document.getElementById('resultContainer'); var dailyRateDisplay = document.getElementById('dailyRateDisplay'); var hourlyRateDisplay = document.getElementById('hourlyRateDisplay'); var annualRateDisplay = document.getElementById('annualRateDisplay'); if (isNaN(payAmount) || isNaN(daysPerWeek) || isNaN(hoursPerDay) || payAmount <= 0 || daysPerWeek <= 0) { alert("Please enter valid positive numbers for all fields."); return; } var annualSalary = 0; var dailyRate = 0; var weeksPerYear = 52; // Normalize to Annual Salary first for consistency if (payCycle === "annual") { annualSalary = payAmount; } else if (payCycle === "monthly") { annualSalary = payAmount * 12; } else if (payCycle === "biweekly") { annualSalary = payAmount * 26; } else if (payCycle === "weekly") { annualSalary = payAmount * 52; } // Calculate daily rate based on total working days in a year var totalWorkingDaysYear = daysPerWeek * weeksPerYear; dailyRate = annualSalary / totalWorkingDaysYear; var hourlyRate = dailyRate / hoursPerDay; // Update UI dailyRateDisplay.innerText = "$" + dailyRate.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); hourlyRateDisplay.innerText = "$" + hourlyRate.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); annualRateDisplay.innerText = "$" + annualSalary.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); resultContainer.style.display = "block"; }