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Helpful Information About 13th Month Pay in The Philippines

by Muhammad Irfan Bajwa
December 28, 2020 - Updated on August 23, 2021
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13th month pay
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No better time to be a citizen of the Philippines than in December. At this time of the year in the Philippines, workers will be getting their 13th-month pay. However, before you think this is a treasure chest, read some of the frequently asked questions about 13-month pay in the Philippines.

What is the 13th Month Pay?

Contents

13-month pay is monetary compensation that is given to workers in the Philippines. This payment usually comes at the end of each year. It is mandatory compensation for all workers regardless of their position, level, or the type of work they do.

Is 13th-Month Pay Taxable?

Following the directive outlined in the TRAIN law, the 13th-month pay is taxable because it is above 90,000 pesos.

When will & Why should I Receive My 13th-Month Pay?

Every worker will receive the 13-month pay in December. In most cases, it doesn’t exceed the 24th of December.

The 13-month pay is mandatory compensation that must be given to all employees. This directive is provided in Presidential Decree No. 851 that all employers of labor must pay their workers a 13th-month pay on or before the 24th of December each year.

What’s the Difference Between a 13th-Month Pay and a Bonus?

The 13-month pay is a payment employers pay their employees, which is mandated by the government. Whether employers like it or not, they have no choice but to pay their employees the 13-month each year. A bonus is fueled by the generosity of the employer to motivate workers to do more. Therefore, the employer is not answerable to anyone should they refuse to give their employees a bonus. However, they will be sanctioned if they fail to pay their workers the 13th-month pay.

Are Managers Entitled to a 13th-Month Pay?

The 13-month pay is strictly for employees who are the rank-and-file of an organization. This means that only those who are not regarded or conferred with managerial duty by the employer. Therefore, the provision of 13-month pay as mandated by the government is not designed to compensate managers. However, they can request for bonus from their organization.

If I Resigned or was Terminated from My Company, am I Still Entitled?

As long as an employee has worked with an organization for at least one month, they are still eligible to get the 13-month pay whether they resign or their contract was terminated.

When is the 13th-Month Pay given to Resigned or Terminated Employees?

Unlike other employees who are active in service, employees who have resigned or those whose contract was terminated don’t receive the 13-month pay on the 24th of December. In most cases, their 13-month pay is released as part or final pay. This usually takes about two months to process, depending on the date the employee’s contract was terminated or voluntarily resigned.

Reasonably, the Human Resource department is in the best position to know when the payment will be released.

Are Government Employees Entitled to This Pay?

The 13-month pay is a scheme designed by the government to ensure that private establishments are protected from inflation consequences during the yuletide period. The government sure has a different scheme to provide such benefits for its workers.

How to Calculate Your 13th-Month Pay?

You calculate your 13-month pay by multiplying your Monthly Basic Salary by Employment length, then divide it by 12 months.

If your monthly basic pay is PHP 28,000 and you started working in September, you calculate your 13-month pay like this:

(PHP 28,000 x 3 months) ÷ 12 months = PHP 7,000

You must know that allowances and other incentives are not part of your basic salary. Hence, you should not add them when you want to calculate your 13-month pay.

Are Maternity Leaves Included in the Computation?

The number of months you spent on maternity leave would not be calculated. If you stayed out of work for 3 months based on maternity, you could only calculate with 9 months as the 3 months of maternity break will be removed from your working months.

Your calculation should take this style, still following the same format stated earlier.

(PHP 28,000 x 9 months) ÷ 12 months = PHP 21,000

The expenses of a family are always enormous during the yuletide period. That is why the 13-month pay rule is orchestrated. This is to ensure that the working class has enough to spend for the celebration of Christmas. However, instead of spending all your bonuses and extra mandated pay during the festive period, you can also opt for saving more cash for the new year.

Ensure you save more money from all bonuses and extra pay.

What Shall I Do if My 13th-Month Pay was not Enough?

If the amount you received for your 13-month pay is not enough to sort your expenses, you can get an emergency loan from Robocash. The loan services are the best and most reliable for all citizens of the Philippines. To get started, you just need to visit their website, submit your data, and most importantly, submit your valid government ID.

You just have to be within the ages of 21-70 to get your loan approved. The good thing is that more than 90% of loan applications are approved, provided the applicants submitted their valid data. With this, you will smile at the end of the day with that loan sitting conveniently in your account.

When you think getting loans could get any better with Robocash, all new loan applicants get an interest free loan. For the first time, you can get between 1000 to 10000 pesos to be returned between 7 to 15 days. Subsequently, you can get up to 25000 pesos, and you get an extension of 30 days to payback, this time with an interest.

Although it is effortless to get a loan, you should only apply for one only when there is a great need for it. Also, all loans must be returned on time.

Muhammad Irfan Bajwa

Muhammad Irfan Bajwa

Irfan Bajwa is an emerging business enthusiast and passionate blogger and writer on a versatile level.

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