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How your 13th month pay is computed

INQUIRER.net STOCK PHOTO

Do you know how your 13th month pay is computed? Or who are entitled to receive it? Following is a Question-and-Answer on 13th month pay published by the Department of Labor and Employment’s Bureau of Working Conditions

Posted: November 21st, 2014 in Featured Gallery,Latest News Stories,Nation,Photos & Videos | Read More »

Senate hikes tax exemption for bonuses up to P82,000

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Sen. Sonny Angara: Bill sponsor. INQUIRER file photo

The Senate has approved on second reading a bill that would allow more workers to enjoy their Christmas bonuses in full by raising the tax exemption cap for the 13th month pay and other benefits from P30,000 to P82,000.

Posted: November 20th, 2014 in Latest News Stories,Nation | Read More »

Senate OKs on 2nd reading bill that seeks higher tax-exempt bonuses

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Sen. Sonny Angara: Bill sponsor. INQUIRER file photo

  MANILA, Philippines– A bill that seeks to raise the take-home pay of Filipino workers by increasing the tax exemption cap for their 13th month pay and other benefits from the current P30,000 to P82,000 has been approved by the Senate on second reading.   Senate Bill 2437 has yet to be approved on third […]

Posted: November 19th, 2014 in Latest News Stories,Nation | Read More »

DOLE to employers: Give 13th-month pay on or before Dec. 24

Labor Secretary Rosalinda Baldoz. INQUIRER FILE PHOTO

The Department of Labor and Employment (DOLE) directed private sector employers to release the 13th-month pay of their employees on or before December 24, pursuant to the Labor Code of the Philippines.

Posted: November 12th, 2014 in Latest News Stories,Nation | Read More »

Bill raising bonus tax ceiling passes

FILE PHOTO/congress.gov.ph

A measure proposing to remove the tax on the 13th-month pay, Christmas bonus and other employee benefits under P70,000 has been approved on third reading in the House of Representatives.

Posted: September 28th, 2014 in Latest News Stories,Nation | Read More »

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