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Feb 5, 2023 · The online 13th-month pay calculator above requires no download and is an excellent alternative to your bulky calculator. To obtain your 13th-month pay, enter your basic monthly salary in the fields provided in the first column.
Jan 24, 2024 · How Do You Compute Your 13th Month Pay? Use Our Online 13th Month Pay Calculator. 13th Month Pay Calculator; Download Our 13th Month Pay Excel Spreadsheets; Frequently Asked Questions; Final Thoughts
Thirteenth Month by Sweldong Pinoy is a tool for Filipinos in computing their 13th-month pays. You can now provide your salaries from January to December and Thirteenth Month will compute your 13th-month pay.
Sep 29, 2022 · To calculate your 13th month pay, multiply your basic salary by the length of service and then divide it by 12 months. For example, if your basic salary is PHP 10,000 and you have worked for 3 years, your 13th month pay would be: (10,000 x 3) / 12 = 2,500
Oct 3, 2023 · Using DOLE's computation formula, here's how to calculate the 13th-month pay: ₱172,140 ÷ 12 months = ₱14,345 This is the proportionate or prorated 13th-month pay the employee should receive.
Oct 9, 2023 · For the formula, all you need is the basic salary, and then simply divide it by 12. Total basic salary per year / 12 = 13th month pay. For example, if an employee earns Php14,000 per month and doesn’t have unpaid days off, it would be: Php168,000 / 12 = Php14,000.
PayrollHero automatically computes 13th month pay for your company and employees. Computation of 13th month is based on basic salary within the calendar year.
May 17, 2023 · By understanding the definition of 13th-month pay, its legal basis, eligibility requirements, and the difference between basic salary and 13th-month pay, employers and employees can establish a solid foundation for accurately calculating this important benefit.
Oct 26, 2023 · Calculating your 13th-month pay in the Philippines involves a straightforward formula mandated by the government. Here’s how you can calculate it: Determine the Basic Salary: The basic salary includes all fixed or regular payments, but it does not include allowances and other monetary benefits such as overtime, night differential ...
Being aware of 13th month pay is critical to know your rights and benefits, and calculating it accurately allows you verify what is owed to you by your employer. As Christmas approaches, let this extra boost to your paycheck fill you with holiday cheer.
