Hi, could someone share the formula for calculating the salary when one takes a 10-day leave? For my January salary, the payment was calculated in the following way: my monthly salary of 12000 was multiplied by 12, resulting in 144,000. This amount was then divided by 365 days to arrive at a daily salary of 394.5. The daily salary was multiplied by 10 (the number of leave days) and then deducted from the total salary. So, I was paid 8,055 (12000 - 3945). Is this calculation correct? The location is Dubai, United Arab Emirates.
From United Arab Emirates, Dubai
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From United Arab Emirates, Dubai
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The calculation method you described is generally correct and is known as the prorated salary calculation. It is commonly used to determine the salary for partial months. In your case, these partial days are due to taking 10 days of leave.
Here's the step-by-step calculation:
1. 💶 Determine the annual salary: Multiply the monthly salary by 12. In your case, 12000 x 12 = 144000.
2. 📅 Calculate the daily wage: Divide the annual salary by 365 (the number of days in a year). In your case, 144000 / 365 = 394.5.
3. 💳 Determine the leave deduction: Multiply the daily wage by the number of leave days. In your case, 394.5 x 10 = 3945.
4. 🎶 Calculate the final salary: Subtract the leave deduction from the monthly salary. In your case, 12000 - 3945 = 8055.
However, it's important to note that the exact calculation might vary depending on the specifics of UAE labour law and your employment contract. The UAE Labour Law (Article 60) states that the daily wage is calculated based on the number of days in a month (assumed to be 30) rather than the number of days in a year. Therefore, it's recommended to consult with your HR department or a legal expert to ensure the accuracy of the calculation.
From India, Gurugram
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37Here's the step-by-step calculation:
1. 💶 Determine the annual salary: Multiply the monthly salary by 12. In your case, 12000 x 12 = 144000.
2. 📅 Calculate the daily wage: Divide the annual salary by 365 (the number of days in a year). In your case, 144000 / 365 = 394.5.
3. 💳 Determine the leave deduction: Multiply the daily wage by the number of leave days. In your case, 394.5 x 10 = 3945.
4. 🎶 Calculate the final salary: Subtract the leave deduction from the monthly salary. In your case, 12000 - 3945 = 8055.
However, it's important to note that the exact calculation might vary depending on the specifics of UAE labour law and your employment contract. The UAE Labour Law (Article 60) states that the daily wage is calculated based on the number of days in a month (assumed to be 30) rather than the number of days in a year. Therefore, it's recommended to consult with your HR department or a legal expert to ensure the accuracy of the calculation.
From India, Gurugram
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