Rate of Pay
Convert pay rates between hourly, daily, weekly, biweekly, monthly, and annual. Free rate of pay calculator with comparison charts and detailed breakdowns.
About This Calculator
The Rate of Pay Calculator helps you convert your earnings between different pay periods whether you are paid hourly, daily, weekly, biweekly, monthly, or annually. Understanding your equivalent pay rate across different time frames is essential for budgeting, job offer comparisons, freelance rate setting, and financial planning. This calculator is designed for employees, freelancers, contractors, and employers in India, the United States, the United Kingdom, and worldwide.
How It Works
Enter the number of hours you work per week and your pay amount for any one pay period. The calculator uses standard conversion formulas to compute your equivalent pay rates across all other periods. For hourly workers, the calculator multiplies your hourly rate by your weekly hours and then by 52 weeks to determine annual salary. For salaried employees, it reverses the calculation to find your hourly equivalent.
The core conversions are: daily rate = hourly × 8 (standard workday), weekly rate = hourly × hours per week, biweekly rate = weekly × 2, monthly rate = weekly × 52 / 12, and annual salary = hourly × hours per week × 52. These formulas follow standard payroll practices used across India, the US, and the UK.
Regional Notes
India: The standard workweek is 48 hours (8 hours per day, 6 days per week) under the Factories Act, 1948. Overtime is paid at twice the ordinary rate. Many Indian employees are paid monthly with annual salaries quoted in lakhs.
United States: The standard workweek is 40 hours (8 hours per day, 5 days per week). Overtime at 1.5x applies beyond 40 hours under the FLSA. Salaries are typically quoted annually, while hourly wages are common for retail, hospitality, and service jobs.
United Kingdom: The standard workweek is 35-40 hours. The National Minimum Wage and National Living Wage set hourly floor rates. Many employees are paid monthly, and annual salaries are commonly quoted in thousands of pounds.
Frequently Asked Questions
How do I calculate my hourly rate from my monthly salary?
To calculate your hourly rate from your monthly salary, divide your monthly pay by the number of weeks in a month (4.33), then divide by your weekly work hours. For example, a ₹50,000 monthly salary with 40 hours per week equals ₹50,000 × 12 / (40 × 52) = ₹288.46 per hour.
What is the difference between hourly wage and salary?
An hourly wage is paid per hour worked, with overtime typically paid at 1.5x the regular rate. A salary is a fixed annual amount paid regardless of hours worked. Salaried employees may not receive overtime pay but often have more predictable income and benefits like paid time off.
How does overtime affect my rate of pay?
In the United States, overtime is paid at 1.5 times the regular hourly rate for hours worked beyond 40 per week under the Fair Labor Standards Act. In the UK, overtime rates vary by employment contract. In India, overtime is typically paid at twice the ordinary rate of wages under the Factories Act, 1948.
How many hours per week is considered full-time?
Full-time work is typically 35-40 hours per week in the United States and United Kingdom. In India, the standard workweek is 48 hours under the Factories Act. Part-time arrangements vary but usually involve fewer than 30 hours per week across all regions.
How do I convert my biweekly pay to annual salary?
To convert biweekly pay to annual salary, multiply your biweekly pay by 26 (the number of biweekly periods in a year). For example, a biweekly pay of $2,000 equals an annual salary of $2,000 × 26 = $52,000.
What is included in my rate of pay?
Your rate of pay typically includes your base wages or salary before deductions. It may also include commissions, tips, bonuses, and shift differentials. It does not include employer-paid benefits, health insurance premiums, retirement contributions, or employer payroll taxes.
Is this rate of pay calculator free?
Yes, this rate of pay calculator is completely free to use with no registration required. You can convert between hourly, daily, weekly, biweekly, monthly, and annual pay rates instantly with detailed breakdowns and charts.
Can I share my pay rate calculation results?
Yes, your inputs are saved in the URL so you can share the exact calculation with others. Simply copy the URL after calculating and send it to anyone who needs to see the same pay rate conversion.