Here's the situation.
I joined the company in November of 2009 and resigned December 22, 2010.
My basic rate was P6050. plus P1500 taxable allowance and 1500 non-taxable allowance.
They said that they credited me my 13th month pay last Dec. 8, 2010 amounting to P6050. ( P6050 basic salary X 12months = P72,600 / 12).
They said that it was computed pro-rated.
They said that since I did not actually finished the year they need to deduct the overpayment. In the computation, it says
Deductions: 13th month pay recovery P6196.37.
In my opinion, if ever there is overpayment it should only be P504.17. (if they will not consider the month of December) That should be [(P6050 X 11)/12]
What will be the correct computation?
What is included in computing the last pay of a resigned employee?
tnx.