Home
Back
Daily Rate Formula:
| From: | To: |
The MOM (Ministry of Manpower) daily rate calculation is used in Singapore to determine the daily salary rate for statutory payments such as salary in lieu of notice, overtime pay, and other employment-related calculations.
The calculator uses the MOM daily rate formula:
Where:
Explanation: This formula divides the monthly basic salary by 26 days to calculate the daily rate, as per Singapore's Ministry of Manpower guidelines for statutory payments.
Details: Accurate daily rate calculation is crucial for determining statutory payments, overtime compensation, salary in lieu of notice, and other employment-related calculations in compliance with Singapore employment laws.
Tips: Enter the monthly basic salary in SGD. The value must be greater than 0. The calculator will automatically compute the daily rate based on the standard 26-day month.
Q1: Why is 26 days used in the calculation?
A: The Ministry of Manpower uses 26 days as the standard number of working days per month for statutory payment calculations in Singapore.
Q2: Does this include bonuses or allowances?
A: No, this calculation is based on basic monthly salary only. Bonuses, allowances, and other variable components are not included in this calculation.
Q3: When is the daily rate used?
A: The daily rate is used for calculating salary in lieu of notice, overtime pay, and other statutory payments as per Singapore employment regulations.
Q4: Is this applicable to all employees in Singapore?
A: This calculation method is standard for most employees covered under the Employment Act in Singapore, but specific employment contracts may have different provisions.
Q5: What if an employee works different number of days?
A: For employees with irregular working patterns, the actual number of working days may be used, but 26 days remains the standard for statutory calculations.