This is under the discretion of the company.
This is under the discretion of the company.
yes
No. It should not.
In my opinion tardiness should not be deducted against the 13th month pay, but to the salary of the employees. 13th month pay should be given to employees wholly without any deductions of taxes, sss, phic, hdmf (if it exceed 30,000.00 the excess are subject to withholding tax).
To request a letter for your 13th month pay, start by addressing it to your employer or HR department. Clearly state your request, including your employment details and the specific period for which you are requesting the 13th month pay. Be polite and professional in your tone, and consider including any relevant company policies or labor laws to support your request. Finally, express gratitude for their attention to your request.
A Navy commander will have to have at least 20 years of service to retire. That would entitle him to 50% of his base pay in retirement. That would be around $3500 a month..
No....since you were already been deducted from your salary every-time you have incurred absences or late. 13th month is mandated by law it is the basic or the usual monthly income that you received, it is a kind of pay that is regarded as an appreciation by the company to you for the services you've done after all this years.
The typical Navy Admiral will have 30 years of service. That would entitle him to 75% of his base pay in retirement. That would be somewhere anywhere from $7500 to $12000 a month.
You take the annual salary - and divide it by 12. This gives an average salary over 12 months.
The 13th month pay is a mandatory benefit in the Philippines, equivalent to one month's basic salary, typically given to employees before December 24. Form 2316, or the Certificate of Compensation Payment/Tax Withheld, is issued by employers to summarize an employee's total earnings and tax withheld for the year, including the 13th month pay. Other benefits that may be reported in Form 2316 include bonuses, allowances, and any other forms of compensation that contribute to the employee's taxable income. These benefits are important for tax filing purposes and ensuring compliance with labor regulations.
Total annual income divided by 12 equals 1 month pay To compute annual income.... For hourly paid....at full time (40 hours a week) Hourly rate times 2080 hours equals annual payFor Salary on biweekly... salary times 26 equals annual pay
Do check with DOLE. Same rule applies for contractual employees except that the number of days they worked in a month is computed less all public legal and special holidays where they are not to work and therefore are not paid.