Wage Formula:
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Definition: This calculator computes total earnings based on hourly rate and hours worked, specifically for the South African context.
Purpose: It helps employees and employers quickly determine gross wages before deductions.
The calculator uses the formula:
Where:
Explanation: The hourly rate is multiplied by the number of hours worked to calculate gross pay.
Details: Accurate wage calculation ensures fair compensation, helps with budgeting, and forms the basis for tax and benefit calculations.
Tips: Enter your hourly rate in ZAR and the number of hours worked. Both values must be positive numbers.
Q1: Does this include overtime calculations?
A: No, this calculates standard wages. For overtime, you'd need to calculate those hours separately at the overtime rate.
Q2: Is this before or after tax?
A: This calculates gross wages before any deductions like tax, UIF, etc.
Q3: Can I use this for monthly salary calculations?
A: Yes, by entering your hourly rate and typical monthly hours (usually around 160-173 hours/month).
Q4: What's the current minimum wage in South Africa?
A: As of 2024, the national minimum wage is R27.58 per hour (verify current rates as they change annually).
Q5: How do I calculate take-home pay?
A: You would need to subtract PAYE tax, UIF (1%), and other deductions from the gross amount shown here.