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How To Calculate 13th Month Pay In The Philippines

How To Calculate 13Th Month Pay In The Philippines. The calculation will be the following: The 13th month pay shall be paid not later than december 24 of every year.

Facts About the 13th Month Pay
Facts About the 13th Month Pay from www.smartparenting.com.ph

In that case, you will receive a prorated 13th month pay based on the number of months that you’ve worked for the company. This calculator is by no means an exact representation of what you will receive. P20,000 x 12 months = p240,000.

If Your Basic Salary Is ₱15,000 And You’ve Only.


P240,000 / 12 = p20,000 is your 13 th month salary. Divide this year’s basic salary by 12. It typically amounts to an extra month’s wages and is often paid at.

This Calculator Is By No Means An Exact Representation Of What You Will Receive.


Total basic salary per annum (minus unpaid absences) / 12 = 13th month pay. Whether employers like it or not, they have no choice but to pay their. Based on the foregoing information, we can arrive with the following formula in computing 13th month pay:

The 13Th Month Pay Shall Be Paid Not Later Than December 24 Of Every Year.


You will receive p20,000 as your 13 th month. The calculation will be the following: P20,000 x 12 months = p240,000.

In Some Countries, 13Th Month Pay Is Calculated As An Additional Month',s Salary, So You Typically Divide The Total Basic Salary By 12 To Work Out The Amount Owed For The 13Th Month.


How to calculate pay for the 13th month? If an employee worked for 10 months of the year, and had 2 months unpaid leave, and the basic monthly pay is. In this case, the 13th month pay will be p15,000.

As Mentioned In This Article How To Compute Your 13Th Month Pay, There Are Several Factors.


In that case, you will receive a prorated 13th month pay based on the number of months that you’ve worked for the company. Alternatively, if the employee is paid on a monthly basis, this is. So, an employee paid $24,000 per year will receive an extra $2,000.

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