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Free Legal Advice Philippines » FREE LEGAL ADVICE » LABOR AND EMPLOYMENT » attendance bonuses counted as part of salary for benefits calculations?

attendance bonuses counted as part of salary for benefits calculations?

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eliwillner


Arresto Menor

Hi, my question is this. When benefit costs are calculated as a percentage of salary, do attendance bonuses count as part of salary for this calculation? By "benefit costs" I mean items such as 13th month, retirement, contingency, mandatory...

Thanks!

Eli

Patok


Reclusion Perpetua

Bonuses are different from salary but is computed at the end for tax purposes (if over the 90T limit)

mikos23

mikos23
Reclusion Perpetua

if you are computing it for budget purpose, you can include it.

but as patok stated, bonuses are really different.

eliwillner


Arresto Menor

Thank you both. Just to make sure I understand, if salary is 12,000 for a particular month, and there is an attendance bonus for that month of 1,000, the retirement calculation for that month is based on 13,000, not 12,000?

mikos23

mikos23
Reclusion Perpetua

12,000 only

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Free Legal Advice Philippines » FREE LEGAL ADVICE » LABOR AND EMPLOYMENT » attendance bonuses counted as part of salary for benefits calculations?

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