To find out how much money an employee will receive during vacation, the average daily earnings must be multiplied by the number of calendar days of vacation. When calculating the payment, it is important to take into account that 13% personal income tax is withheld from this money.
The formula is suitable for those who work year-round under an cambodia telegram mobile phone number list employment contract. For seasonal workers and those who work under a fixed-term contract, the calculations are made differently.
How is average daily earnings calculated?
You need to take the total income for the billing period (minus exceptions) and divide it by the number of all days worked in this period of time.
What income is included in the calculation of vacation pay and what is not?
Salary, overtime and bonuses are taken into account, but only those paid for the previous 12 months of work. The calculation does not include: travel expenses, compensation, payments for sick leave, pregnancy and childbirth, financial assistance.
Answers to frequently asked questions How is an employee's income calculated while on vacation?
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