14th Month Pay and Higher

[clone19]

Kindly list companies with 14th month pay and higher. Is it true Smart used to have 24 months? Thanks!

[skullbreaker]

unilab 17.5 months :D

[josevelarde]

wow 24 months pay... smart ata is 18 months na lang.....

[maruzki]

metrobank 15mos

[manok00]

Regardless the number or months. I think its not 100% of your salary, is this true?

[BizMag]

Regardless the number or months. I think its not 100% of your salary, is this true?

it is 100% pero some are taxable... i think 30000 up is taxable....

ps bank 15 months.....

may mga call centers/bpo ba na ganito?

[m_ke2]

it is 100% pero some are taxable... i think 30000 up is taxable....


13th month over 30K is taxable by law, but I don't know if this also applies to 14th month and so on...

[manok00]

it is 100% pero some are taxable... i think 30000 up is taxable....

ps bank 15 months.....

may mga call centers/bpo ba na ganito?

Meron mga BPO di ko lang alam kung alin. But what I heard is like some local companies that offer these bonuses since their employees salaries are from 8k-15k/month banks usually have these. If you reach beyond the 30k limit so your succeeding bonuses have less 35% due to TAX.

[Dacs]

AFAIK yung collective bonuses mo (13th, 14th, etc bonuses) pag lumagpas ng 30k, taxable na.

Needless to say, ang laki ng tax ng huli kong bonus :(

[monarchrising]

Meron mga BPO di ko lang alam kung alin. But what I heard is like some local companies that offer these bonuses since their employees salaries are from 8k-15k/month banks usually have these. If you reach beyond the 30k limit so your succeeding bonuses have less 35% due to TAX.

is it safe to say na if you are earning higher than 30k e 35% ang tax mo? i dont wanna compute talaga ng income tax na long process e....

[getreadyph]

is it safe to say na if you are earning higher than 30k e 35% ang tax mo? i dont wanna compute talaga ng income tax na long process e....

ganun ba? diba 32% lang?

[mikki_pretty]

depende rin naman sa tax bracket e.. may mga banks na 16 months to 18 months..

[manok00]

Just Check your 2316, pag may nakita kang 30,000 doon pasok ka na sa bracket.

[council]

is it safe to say na if you are earning higher than 30k e 35% ang tax mo? i dont wanna compute talaga ng income tax na long process e....


Best to compute annually. If your salary in a year reaches more than 500k, you'll be in the maximum tax bracket of 32%.

[council]

minsan nag-iiba ang perception ng bonuses.

Which would you prefer:

30,000 monthly x 13 months
26,000 monthly x 15 months

[clone19]

Best to compute annually. If your salary in a year reaches more than 500k, you'll be in the maximum tax bracket of 32%.

salary na basic lang ba? ei nq isasama iba?

[council]

salary na basic lang ba?

all taxable income...

salaries.
bonuses in excess of 30,000.
clothing allowance in excess of 21,000

(etc etc)

ei nq isasama iba?

What is ei?

What is nq?

Hindi naman siguro tayo nagbabayad ng piso bawat message dito.

Seriously, hindi ko naintindihan ang sinabi mo.

[manok00]

minsan nag-iiba ang perception ng bonuses.

Which would you prefer:

30,000 monthly x 13 months
26,000 monthly x 15 months

Sa 30k nalang ako at 13 months.
Mukhang malabo are 26k at 15 months.

Usually
15k up to 18k x 15 months or more at taxable na kasi included ito sa annual income mo. Ganito lang ka taas sa mga bangko ang bonuses.

[council]

Sa 30k nalang ako at 13 months.
Mukhang malabo are 26k at 15 months.

Usually
15k up to 18k x 15 months or more at taxable na kasi included ito sa annual income mo. Ganito lang ka taas sa mga bangko ang bonuses.

30k x 13 months = 390k, less 30k (non-taxable) = 360k gross taxable
26k x 15 months = 390k, less 30k (non-taxable) = 360k gross taxable

I see no difference.

[sickshadow]

30k x 13 months = 390k, less 30k (non-taxable) = 360k gross taxable
26k x 15 months = 390k, less 30k (non-taxable) = 360k gross taxable

I see no difference.

Here's the difference:

30k x 13 months = 390k annual; the 13th month bonus (30k) is non-taxable since it did not reach the limit of the allowable non-tax bonus annually. Again the limit is 30k.

26k x 15 = 390k annual; 14th and 15th month would give you 52k, breaching the allowable limit of 30k annually. This gives you:
The 52k is taxable depending on your tax exempt status. *okay*

[council]

ergo:

for 30k x 13, total of 390k, taxable is:

30k x 12 months (salary) or 360k total


for 26k x 15, total of 390k, taxable is:

26k x 12 months (salary), plus
22k (14th month, because 26k 13th month is tax-free, plus 4k of the 14th month), plus
26k (15th month)
total of 360k.

i still don't see the difference.

[council]

(double post)

[manok00]

Loud and clear computation. Thanks!

I will now find companies with Tax Shield! Doon nalang ako wala naman napupuntahan ang tax na yan. I know MISYS have tax shield around 25%, pwede na dito!

[BizMag]

Loud and clear computation. Thanks!

I will now find companies with Tax Shield! Doon nalang ako wala naman napupuntahan ang tax na yan. I know MISYS have tax shield around 25%, pwede na dito!

Most big companies do not have tax shields....

[council]

most will not admit having any. ;)

[Dad ni Jacob]

multinationals CAN'T offer tax shields, right? :confused:

[tenderloinw]

Pag sinabi bang quarterly bonuses, ibig-sabhin nun 16th month pay? Meaning kasama na *** mandatory 13th month pay sa quarterly bonuses? Or iba pa un sa 13th month? Thanks! :)

[council]

multinationals CAN'T offer tax shields, right? :confused:

Pwede naman. ;)

Pag sinabi bang quarterly bonuses, ibig-sabhin nun 16th month pay? Meaning kasama na *** mandatory 13th month pay sa quarterly bonuses? Or iba pa un sa 13th month? Thanks! :)

Yes, 13th to 16th month.

[superbad]

Pwede naman. ;)



Yes, 13th to 16th month.

I think that is the "cash allowance" or the "reimbursable allowance" but is only offered to high-profile employees... ako e di pumayag e. :P

[manok00]

Tax shield on some companies even multi-nationals have made it non-public. Only during the Job Offer they disclosed it. Your payslip will reflect only as additional allowance or reimbursements. Even on your 2316 it does not reflect.

[Vicxtel]

Smart - guaranteed is 18 mos... last year we have reached 21 months.. this year more than 21 months.....

[maruzki]

grabe kayong mga taga smart! ang yayaman nyo naman kakainggit. daming bonuses.

[maruzki]

kung ako sa mga taga smart long term na ko dyan. magreretire na ko dyan sa dami ng bonus

[manok00]

Mayaman talaga mga taga Smart. Mapapalad lang ang makakapasok dyan, sometimes ang iba na hindi naman karapat dapat dinadaan din sa padrino.

[Tarbosh]

30k x 13 months = 390k, less 30k (non-taxable) = 360k gross taxable
26k x 15 months = 390k, less 30k (non-taxable) = 360k gross taxable

I see no difference.

actually, there's a huge difference. with the 30K x 13 months, you would already be earning every month what you would earn only at the end of the year if you're on 26K x 15. that's the difference.

[council]

not exactly at the end of the year, but perhaps every 3-4 months.

then again, the annual income is the same. it's all a matter of 'preference' and 'need' of the employee.

for someone who tends to have most of his salary spent for necessities, 30k is a good thing.

but if you're the type who can live on 26k instead of 30k per month spending the same things, the additional income every few months would be a great help (for tuition fees, christmas expenses).

[business_guy]

BPI - 16 months; 17 months for every 5th year anniversary of the bank....

[MharCute]

Kindly list companies with 14th month pay and higher. Is it true Smart used to have 24 months? Thanks!


around 1997 or 1998 ata..nag reach ng 24 months kami nun sa smart when we reach the 1st million subscribers.

Dami nga bonus..baba naman annual inc. tanda ko nun P500 lang annual inc...mapalad lang kung mapromote ka at me P3k kang inc.
Ewan ko lang kung nag inc na sila. Matagal na kong wala sa smart eh...hehehe

[floreno]

Computation is quite not clear


1. 30k x 13 months = 390k, less 30k (non-taxable) = 360k gross taxable
2. 26k x 15 months = 390k, less 30k (non-taxable) = 360k gross taxable


1. (13-12)x30k - Less 30k = 0 Taxable compensation on bonus
2. (15-12)x26K - Less 30K = 48,000 Taxable compensation on bonus

Net of Tax
1. 30,000 - 0 = 30,000
2. 78,000 - (48k * 0.3) <30% usual tax comp.> = 44,400

[council]

Computation is quite not clear



1. (13-12)x30k - Less 30k = 0 Taxable compensation on bonus
2. (15-12)x26K - Less 30K = 48,000 Taxable compensation on bonus

Net of Tax
1. 30,000 - 0 = 30,000
2. 78,000 - (48k * 0.3) <30% usual tax comp.> = 44,400

but what if we were to compute for annual taxable income, and not just tax on bonus?

[demented_guy]

30k * 13 months = 390,000
390000 - 30000 (threshold for bonuses) = 360,000
Taxable income (before basic and additional exemptions) = 360,000

26k * 15 months = 390,000
390,000 - 30000 (threshold) = 360000
Taxable income (before basic and additional exemptions) = 360000

NO DIFFERENCE. This is applicable if received within ONE YEAR. Hindi mo pwedeng i-separate ang computation ng tax for bonuses at yung basic salary since anything in excess of the P30,000 threshold will be included in your income to be subjected to regular income tax.

[council]

30k * 13 months = 390,000
390000 - 30000 (threshold for bonuses) = 360,000
Taxable income (before basic and additional exemptions) = 360,000

26k * 15 months = 390,000
390,000 - 30000 (threshold) = 360000
Taxable income (before basic and additional exemptions) = 360000

NO DIFFERENCE. This is applicable if received within ONE YEAR. Hindi mo pwedeng i-separate ang computation ng tax for bonuses at yung basic salary since anything in excess of the P30,000 threshold will be included in your income to be subjected to regular income tax.

That's what I've been trying to drive at in my earlier posts. :)

[jtff7]

unilab 17.5 months :D

is this true? anyone know kung ano yung range ng entry level? and is this for regular or contractual hires? (cause i read somewhere unilab usually hires contractual nalang -- is this true?)

[newkid]

PNOC 24 months according to my friend *okay*

[musichelle]

yup sa Smart 24 months.. madami oo.. pero yung salary mo per se ay hindi po industry leading. and then there comes the tax. and syempre, to those whom much is given, much is expected. and at times, it can be too much. :)

[whattodo]

yup sa Smart 24 months.. madami oo.. pero yung salary mo per se ay hindi po industry leading. and then there comes the tax. and syempre, to those whom much is given, much is expected. and at times, it can be too much. :)

22 months sila last year, di pa sila naabot ng 24 months

[ACidGaMbiT]

PNOC 24 months according to my friend *okay*

19 months lang naman daw accdg to my friend who works there.