Web30 nov. 2024 · To obtain the 13th month for the 6 months of service, P1,091.15 x 6 = P6,546.92. Alternative computation is 1/12 of the total basic salary earned, thus: 1/12 of P78,562.98 is P78,562.98 / 12 = P6,546.92 which is the same as the above approach. Hence, the 13 th month pay of X for the six-month period without any unauthorized … Web31 aug. 2024 · It was legally introduced in the Philippines in 1975, where it is still enshrined in employment law. Since the 1970s, 13th month pay has become widely popular …
Who are Entitled to Receive a 13th Month Pay? - Announcement …
WebP110,000.00. Employee A’s thirteenth month pay is: 110,000 ÷ 12 = P9,166.66. For employees who have less than 12 months of work at the time of the calculation of the … WebThe 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. flywheel lawyer
ACCOUNTAHOLICSPH on LinkedIn: Learn to Compute for Your 13th Month Pay …
WebComputation of the 13th month pay primarily consists of the total basic monthly salary of an employee for the whole year, divided by twelve (12) months. Those who have worked for less than a year, however, are only entitled to receive the amount due to them on the number of months they were employed. Web10 jan. 2024 · Using the formula above, this is how his 13th-month pay would be calculated: Annual Basic Income (P16,000 x 9 mos rendered = P144,000) (minus … Web29 okt. 2024 · “Total basic salary earned during the year (12 months) = proportionate 13th-month pay,” it said. Using the basic wage in the National Capital Region at PHP537 per … flywheel layout