Online Overtime Calculator Malaysia
Overtime calculator this overtime calculator figures your total overtime paycheck and the ot rate together with the regular pay by taking account of the number of hours worked.
Online overtime calculator malaysia. The overtime calculator rate payable for non workmen is capped at the salary level of myr1250 00 and have work of 44 hours a week for overtime calculator for payroll software malaysia work your employer must pay you at least 1 5 times the hourly basic rate of pay. In malaysia overtime is still popular among companies especially in the f b sector. Everything there is to know on how to deal with this calculation is explained below the tool. This free online income calculator will calculate your overtime rate of pay based on your regular hourly rate multiplied by the ot multiplier that applies to your job time and a quarter time and a third time and a half double time triple time etc.
This minimum wages also defined as the minimum amount of remuneration that an employer required to pay wages malaysia earners for performance work during a given period. It will show you the rate of overtime and the total pay you can expect. A non workman earning up to 2 600. You can claim overtime if you are.
Forever for unlimited employees. In this article we will study the laws governing the hours of work and overtime work for employees under malaysia s labour laws. Minimum wage is the lowest wage permitted by law or by a special agreement. The default value for overtime rate of the overtime pay calculator is 1 5 times the regular rate.
Our overtime calculator is the perfect tool to help you see how much money you will earn in exchange for those extra hours at work. Payment must be made within 14 days after the last day of the salary period. Calculate overtime pay for yourself or your employees. How to calculate wage for salary calculator malaysia 2020.
If the employee s salary does not exceed rm2 000 a month or falls within the first schedule of employment act. But overtime can be a very confusing matter. Fill in the information about how much your hourly rate is and the calculator will do all the rest. This overtime calculator is created to help you count overtime compensation and gross pay for any period of choice based on employee hourly rates and the number of hours worked.
If you need more flexible and better payroll calculation such as generating ea form automatically or adding allowance that does not contribute to pcb epf or socso you may want to check out hr my free malaysian payroll and hr software which is absolutely free.