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13 th Month Pay = [Total basic salary earned x Months stayed in the company] / 12. Example: [Php10,000 x 6 months] / 12 = Php5,000 (13th Month Pay) Ano ang mga hindi kasali sa 13th Month Pay Computation? -Maternity leave. -Sick leave. -Unused vacation leave. -Allowance. -Overtime. -Night differential. -Holiday pay.
Learn about the revised guidelines on the implementation of the 13th month pay law, which was issued by President Aquino in 1986. Find out who are entitled, how much, and when to pay the 13th month pay, and what are the exemptions and exceptions.
5. 13th Month Pay for Certain Types of Employees. (a) Employees Paid by Results. — Employees who are paid on piece work basis are by law entitled to the 13th month pay. Employees who are paid a fixed or guaranteed wage plus commission are also entitled to the mandated 13th month pay, based on their total earnings during the calendar year,
Learn what 13th month pay is, who is eligible, how to calculate it, and when to receive it. Find out the difference between 13th month pay and bonus, and the tax implications of this employee benefit.
Mar 10, 2024 · Every covered employer is required to make a report of the establishment’s compliance with the 13th Month Pay Law to the nearest Regional Office not later than January 15 of each year. Applicable laws, regulations. DOLE Labor Advisory No. 18, Series of 2018 (DOLE LA 18-18) Compliance Report.
Nov 11, 2023 · The Department of Labor and Employment (DOLE) reiterated that rank-and-file employees in the private sector are entitled to the 13th month pay regardless of their status or employment....
AN ACT ADJUSTING THE 13th MONTH PAY AND OTHER BENEFITS CEILING EXCLUDED FROM THE COMPUTATION OF GROSS INCOME FOR PURPOSES OF INCOME TAXATION, AMENDING FOR THE PURPOSE SECTION 32(B), CHAPTER VI OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED. Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
