Calculate Hourly & Daily wages

Quick formulae to Calculate Hourly & Daily wages :

 

  daily_income  = annual_income / 360

&

  hourly_income = daily_income / 8

 

 [here 360 = 12 months * 30 days] and [8 denotes 8 working hours in a day]

 

pls add on top of daily_income in case you have any additional benefits, like daily overtime, daily incentives, etc.

 

Note :
 Currency Conversions should be done either at beginning or end of calculations.

 

 for example :
    1.00  USD = 40.00 INR
   60000 USD = 24,00,000 INR

 

 therefore :

 

   Daily wages  (INR)  = 2400000 / 360 = 6666.67  (USD 166.67)

 &

   Hourly wages (INR) =   833.33 /     8 =  833.33   (USD   20.83)