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Feb 5, 2023 · 1. Simple 13th-Month Pay Online Calculator (No Download Required) 2. 13th-Month Pay Excel Calculator (FREE Download) What Is the 13th-Month Pay? What Comprises a “Basic Salary”? Is 13th-Month Pay Mandatory in the Philippines? Presidential Decree (P.D.) No. 851 or the “13th-Month Pay Law” and its Implementing Rules and Regulations (IRR)
Jan 24, 2024 · To help you with the computation, we’ve provided a 13th month pay calculator and an Excel spreadsheet that you are free to use and share with anyone. Use Our Online 13th Month Pay Calculator. With our free 13th month pay calculator, you don’t have to make your computations manually.
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. Learn more.
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.
Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. In 2024, the deductions for PhilHealth and Pag-IBIG Fund have increased. You can now find out how much your salary will be! Learn more.
Jul 13, 2024 · 1) The employee’s daily wage rate is Php1,000.00; 2) The workweek is 6 days a week; and. 3)There is one rest day per week. a. Complete basic salary earned in a year. If covered employees have complete attendance in a year, then their 13 th month pay is computed as follows: b. Incomplete basic salary earned in a year.
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.
The 13th month pay shall be in the amount not less than 1/12 of the total basic salary earned by the employee within the Calendar day. Example: Let say an employee basic salary is Php15,000 per month and had worked for 10 months, the 13th month computation is: (Php15,000 X 10 months) / 12= Php12,500.00. PAYROLL. Payslip Generation.
To calculate your 13th-month pay, simply multiply your basic monthly wage by the number of months you worked for the full year, then divide the result by 12 months. Formula: Monthly Basic Salary x Employment Length ÷ 12 months.
Apr 17, 2024 · 13th-Month Pay = Annual Total Basic Salary Earned / 12. Example 1: An employee worked the entire year. An employee (Joe) has a basic monthly salary of Php 16,500. If Joe worked for the entire year and had no absences or deductions, he would receive Php 16,500 as his 13th-month pay. (Basic Salary x 12 months) / 12. (Php 16,500 x 12 – Php 7,643) / 12
