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What is 13th Month Pay Calculation Guide about?

This document provides an example calculation for a 13 month pay computation. An employee with a basic monthly salary of 20,000 pesos who started work on May 2, 2017 and was employed for 8 months of the year, except for 3 unpaid leave days, would have a total annual income of 157,000 pesos and a 13th month pay of 13,083 pesos calculated based on their basic monthly rate over the months employed minus absences and divided by 12 months.

Author

Rodolfo Corpuz

Language

EN