The same pay, five ways
Job offers quote a monthly figure, contracts quote a yearly one and freelance work quotes an hourly rate. Comparing them means putting all three on the same footing, which is all this calculator does — plus the deduction line, because gross pay is not what reaches your account.
Formula
Yearly = monthly × 12 = weekly × 52Weekly = yearly ÷ 52·Daily = weekly ÷ days worked·Hourly = weekly ÷ hours workedTake-home = gross × (1 − deduction %)
Worked example
60,000 a month is 720,000 a year, 13,846 a week, 2,308 a day on a six-day week and 288 an hour at 48 hours a week. With 10% going to tax and provident fund, take-home is 54,000 a month.
How to use the salary calculator
- Enter the figure you know and pick what period it covers.
- Set your hours and days — these decide the daily and hourly equivalents.
- Add a deduction percentage for tax, provident fund or insurance to see the net figure.
Comparing offers properly
- A higher salary over more hours can be a lower hourly rate. Compare the hourly line, not just the headline.
- Bonuses, festival allowances and provident fund contributions are part of the package. Add them to the yearly figure before comparing.
- The deduction field is a flat percentage, not a tax calculation. For Bangladeshi income tax with slabs and rebates, use the income tax calculator.
Frequently asked questions
How do I convert monthly salary to yearly?
Multiply by 12. A monthly salary of 60,000 is 720,000 a year, before bonuses and allowances.
How do I work out my hourly rate?
Divide the yearly figure by 52 to get a week, then by the hours you work in a week. 720,000 a year at 48 hours a week is about 288 an hour.
Is take-home pay the same as net salary?
Yes — it is what is left after tax, provident fund and other deductions. Enter the total deduction percentage above to see it.