How To Compute 13th Month Pay

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13th month pay computation dole labor advisory

13th Month Pay Computation DOLE Labor Advisory

If you have these salary deductions you can compute your 13th month pay by subtracting the deductions from the monthly basic salary and then adding up all your monthly salaries to come up with your total salary for the year Finally divide your total salary by 12 to get your 13th month pay How to Compute 13th Month Pay. As per DOLE, the 13th month pay should not be less than one-twelfth (1/12) of the total basic salary earned by an employee within the calendar year. Thus, to get the 13th month pay computation, just follow this basic formula: 13th Month Pay Formula Total Basic Salary Earned During the Year ÷ 12.

Here s what you need to know about 13th month pay in the philippines

Here s What You Need To Know About 13th Month Pay In The Philippines

How To Compute 13th Month PayTo compute your 13th month pay, multiply your basic salary by the number of months you have worked for the year to get your total basic salary. For this example, P30,000 multiplied by 9.5 months . 13th Month Pay Computation in the Philippines for 2023 An employee s 13th month pay should be not less than one twelfth 1 12 of their total basic salary within a calendar year according to the DOLE guidelines If you want to know how to compute your 13th month pay just get the sum of the salary you ve earned for the entire year