How to calculate average daily earnings

likhon450@ · Post by **likhon450@** » Thu Jan 23, 2025 6:27 am

How vacation pay is calculated
The formula for calculating vacation pay is presented in Chapter 19 of the Labor Code of the Russian Federation - we relied on it when preparing this material. The amount of payment depends on the employee's average daily earnings and the length of the vacation. Vacation pay in 2024 is calculated using the formula:

Vacation pay = Average daily earnings × Number of calendar days of vacation

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You need to know how many days the employee worked over the last cambodia telegram mobile phone number list year and what his total income was for these 12 months. The calculation of average earnings for vacation pay is done as follows:

Average daily earnings = Income for the billing period ÷ Total number of days worked

The calculation period for this formula is 12 months preceding the month of vacation. Let's say the vacation starts in July - then the time from July 1 of the previous year to June 30 of the current year is taken into account.

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