Hourly to Salary Calculator

Multiply your hourly wage by the hours you work per week, then by the number of weeks you work per year. At $20 an hour, 40 hours a week for 52 weeks, that's 20 × 40 × 52 = $41,600 a year. This wage calculator does the maths and also breaks it down to monthly, weekly and daily pay.

At a standard 40 hours a week for 52 weeks, $25 an hour works out to $52,000 per year, roughly $4,333 a month. Change the hours or weeks above to match your own schedule. Part-time or seasonal work will give a lower annual figure.

A full-time year at 40 hours a week over 52 weeks is 2,080 hours. If you take unpaid leave, use fewer weeks: 48 weeks is 1,920 hours. This hourly to annual salary calculator lets you set both hours per week and weeks per year for an accurate total.

It's your gross salary, before income tax, national insurance, retirement contributions or other deductions. Your actual take-home pay will be lower. Use this salary calculator to compare offers on a like-for-like gross basis, then apply your local tax rules to estimate net pay.

Multiply the hourly rate by hours per week and weeks per year, then divide by 12. At Rs 500 an hour for 40 hours a week over 52 weeks, that is Rs 10,40,000 a year, or about Rs 86,700 a month gross. Remember that an Indian CTC also bundles employer PF, gratuity provision and other benefits, so an hourly contract paying the same headline figure leaves you with less once you fund those yourself.

The Factories Act, 1948 caps ordinary working hours at 9 in a day and 48 in a week for covered establishments, and requires overtime beyond that to be paid at twice the ordinary rate of wages. Shops and establishments legislation differs from state to state, and the new labour codes propose their own limits. Set hours per week to 48 rather than 40 in the calculator if that matches your actual schedule.

Work backwards from the annual income you need, then adjust for the fact that not every hour is billable. If you want Rs 15,00,000 a year and realistically bill 25 hours of a 40-hour week, your effective billable year is roughly 1,300 hours, implying about Rs 1,150 an hour before you add anything for equipment, unpaid leave, health cover, retirement savings and your own tax and GST obligations.

A salaried package carries value beyond the number on the offer letter: employer provident fund contributions, gratuity, paid leave, health insurance and often a bonus. A contractor funds all of that personally and absorbs the risk of gaps between assignments. As a rough guide, convert the contract rate to an annual figure here, then discount it to compare like for like against a salary, and check whether your billings will require GST registration.