Every employee, under the Employment Act, is allowed one rest day a week at a minimum. If there is more than one rest day for an employee, the last day is considered the rest day to calculate overtime pay. For employees on monthly pay, half of the ordinary pay rate has to be paid...
To calculate an employee’s salary in an incomplete month, you will need to know the employee’s annual salary and the number of days worked in the preliminary month. Following that, divide their yearly salary by 12 (the number of months in a year) to find their monthly salary. Then, d...
When we submit that CPF payslip, I assume the banks work backwards and do a /0.37 to calculate your actual income since 20% employee + 17% employer? Does this apply to the CPF contributions in the PhD scenario? TIA! Reply W L Reply to Sarah 2 years ago No the banks do not i...