Salary & Paycheck Calculator

Paycheck Details

Pay TypeMonthly
Pay Period

Pay Summary

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Quick Jump:3 Pay ModesPro FeaturesFormulasOvertime RulesFAQs

Three Pay Calculation Modes

Different employment types have different pay structures. This calculator handles the three most common scenarios:

💼 Salaried (Monthly)

Fixed monthly salary with deductions for unpaid leave (LOP) and additions for overtime work.

  • • Monthly gross salary base
  • • Unpaid leave (half-day support)
  • • Overtime calculation
  • • Bonus & deductions

⏱️ Hourly

Per-hour rate with separate regular and overtime hours at different rates.

  • • Hourly base rate
  • • Regular vs OT hours split
  • • Tips & bonus tracking
  • • Effective rate calculation

📅 Daily Wages

Per-day rate based on attendance with full-day and half-day tracking.

  • • Daily wage rate
  • • Full & half-day attendance
  • • Overtime if applicable
  • • Advance recovery

Professional Features

Unlike basic calculators, this tool includes features used by payroll professionals:

📅 Pay Period Selection

Choose weekly (52/year), bi-weekly (26/year), semi-monthly (24/year), or monthly (12/year). Annual projections adjust automatically.

📊 Annual Projections

See your projected annual gross and net based on current period earnings. Helps with financial planning.

📋 Itemized Deductions

Add multiple deductions with names. Categorize as pre-tax (401k, health) or post-tax (loans, garnishments).

📈 YTD Tracking

Optional year-to-date tracking. Enter your current period number and previous totals to see cumulative earnings.

Key Calculation Formulas

CalculationFormula
Per-Day SalaryMonthly Gross ÷ Work Days/Month
Per-Hour SalaryMonthly Gross ÷ (Work Days × Hours/Day)
LOP DeductionPer-Day Salary × Unpaid Leave Days
Overtime Pay (Multiplier)OT Hours × Hourly Rate × Multiplier
Daily Wage (Half Days)(Full Days × Rate) + (Half Days × Rate ÷ 2)
Effective Hourly RateTotal Payable ÷ Total Hours Worked

Understanding Overtime Rules

Fixed Rate OT

A set amount per overtime hour, regardless of base pay. Common in union contracts.

Example: OT Rate = $30/hr fixed, so 5 OT hours = $150

Multiplier OT (1.5×, 2×)

OT rate is a multiple of your base hourly rate. Most common in hourly jobs.

Example: Base $20/hr × 1.5 = $30/hr OT rate

Common OT Thresholds

  • • USA (FLSA): OT after 40 hours/week at 1.5× rate
  • • California: OT after 8 hours/day OR 40 hours/week
  • • India: OT after 9 hours/day or 48 hours/week at 2× rate
  • • EU: Varies by country, typically after 40-48 hours/week

Frequently Asked Questions

What pay periods are supported?▼
Weekly (52/year), bi-weekly (26/year), semi-monthly (24/year), and monthly (12/year). Your annual projection is automatically calculated based on the selected period.
What is Loss of Pay (LOP) and how is it calculated?▼
LOP is salary deducted for unpaid leave days. It's calculated as: Per Day Salary × Unpaid Leave Days. Per day salary = Monthly Gross ÷ Working Days in Month.
What is the difference between pre-tax and post-tax deductions?▼
Pre-tax deductions (like 401k, health insurance) reduce your gross pay before calculations. Post-tax deductions (like loan repayments, garnishments) are subtracted from gross to get net pay.
How is overtime pay calculated for salaried employees?▼
First, calculate hourly rate: Monthly Salary ÷ (Work Days × Hours/Day). Then apply your OT method: either a fixed rate per hour, or a multiplier (e.g., 1.5× for time-and-a-half).
What is YTD (Year-to-Date) tracking?▼
YTD tracking shows your cumulative earnings for the year. Enter your current period number and previous totals to see your updated YTD gross and net after this period.
How do half-days work in daily wage calculation?▼
Half-days are paid at 50% of the daily rate. So if daily wage is $100, a half-day pays $50. Total = (Full Days × Rate) + (Half Days × Rate/2).