13th Month Pay Computation 2020

Sample computation of the 13th month pay mandatory benefit is shown here to guide both the employer and employee especially that the date of payment under the law is getting closer. The 13th-month pay is computed based on 112 of the total basic salary of an employee within a calendar year or your basic monthly salary for the whole year divided by 12 months.

Facts About The 13th Month Pay

28 Series of 2020 Labor Advisory No.

13th month pay computation 2020. The computation formula is as follows. 851 all employers are required to pay all their employees receiving a basic salary a 13th-month pay not later than December 24 of every year. WCAG 20 is also an international standard ISO 40500.

Friday October 16 2020 The issue on whether companies distressed due to the coronavirus pandemic can defer or be exempted from giving the 13th month pay of their workers has been resolved. Meaning if someone has worked in this certain company from January to September of 2020 the 112 of the total of his basic salary within that period will be his or her 13th month. 28 which provides the Guidelines on the Payment of.

On 19 October 2020 the Department of Labor and Employment DOLE issued Labor Advisory No. You can now provide your salaries from January to December and Thirteenth Month will compute your 13th-month pay. Monthly Basic Salary x Employment Length 12 months.

Total basic salary earned during the year 12 months Proportionate. Amount of the 13th Month Pay The minimum 13th month pay required by the law shall not be less than one-twelfth 112 of the total basic salary earned by an employee within a calendar year. How to compute 13th month pay.

WCAG 20 contains 12 guidelines organized under 4 principles. 13 th Month Pay Sample computation Suppose that your basic monthly salary is Php25000 and you have perfect attendance it would be easy to compute how much youre going to get. The minimum 13th Month Pay payment under law must not be less than 112 of an employees total basic salary earned during 2020.

Sa mga kabayan na gustong matutunan kung paano magcompute ng kanilang matatanggap na 13th month pay ngayong darating na Disyembre sundan lamang po ang video. P25000 x 12 12 P25000. To put it simpler just get the sum of your basic salary for the calendar year then divide it by twelve.

Perceivable Operable Understandable and Robust POUR for short. Here is the basic 13th month pay formula in the Philippines. To compute your 13th month pay multiply your basic monthly salary to the number of months you have worked for the entire year then divide the result to 12 months.

The amount of the 13th-month pay shall not be less than 112 of the total basic salary earned by the employee within a calendar year. Sample Computation of 13th Month Pay for Year 2020. Again certain types of earnings are not included as a basic pay for purposes of computing the 13th-month pay see definition of basic salary.

Thirteenth Month by Sweldong Pinoy is a tool for Filipinos in computing their 13th-month pays. There are testable success criteria for each guideline. This certifies it as a stable and referenceable technical standard.

13TH MONTH PAY 2020 PANDEMIC TRAIN LAW DOLE LABOR ADVISORY 28 HOW TO COMPUTE THIRTEENTH MONTH PAY - YouTube. This means the 13th month pay is based on the actual salary earned by the worker Labor Undersecretary Benjo Benavidez explained adding the minimum.

How To Compute Your 13th Month Pay 2020 Jobs360