ON PAYROLL

MATTERS
2023 Version
OVERVIEW - MONTHLY RATE

Monthly basic Php35,966.67

Allowance 4,033.33
Monthly RATE Php40,000.00

Hourly Rate (Monthly basic x 12 mos / 2,434.40) Php177.29

HOURLY RATE COMPUTATION

• Standard working days for a year 248 days; holiday work 12 days
• Total working days in a year 260 days
Standard working hours 248 days x 8 hours 1,984 hrs
Normal overtime hours 248 days x 1 hr x 125% 310 hrs
Holiday work 12 days x 9 hrs x 130% 140.40 hrs
Total hours 2,434.40 hrs

• Monthly basic rate x 12 months ÷ 2,434.40 = Hourly Rate

MONTHLY GOVERNMENT MANDATED DEDUCTIONS

Social Security System Maximum salary credit Php30,000.00 (v2023)+ 900.00 (SS)
Mandatory WISP in excess of Php20K salary +
(Worker’s Investment and Savings Program) 450 (WISP)
Philhealth 4% of your monthly salary, maximum at 80K Min 200
(increase to 4.5% in 2023 is suspended) Max 1,600.00

Pag-ibig (increase to Php150 is suspended) 100.00

LOANS MATTERS

Pagibig – virtual application through

https://www.pagibigfundservices.com/virtualpagibig/Loans.aspx

SSS – application through logging in to SSS website – My.SSS

https://member.sss.gov.ph/members/
 RECEIPTS FOR ALLOWANCE
Acceptable kinds of Receipts Amount CDC PRO Employees Name

Communication (Number Php20,000 NO YES

submitted to the office)

Rice Php18,000 NO YES

Medicine Php1,800 NO YES
Laundry Php3,600 NO YES
Clothes (In lieu of uniform) Php5,000 NO YES
1. ALLOWANCE
Applicable Month Deadline Crediting
January March 15 March 31
February March 15 March 31
March March 15 March 31
April April 14 April 28
May May 15 May 31
June June 10 June 30
July July 14 July 31
August August 15 August 31
September September 15 September 29
October October 16 October 31
November November 15 November 29
December December 10 December 29
ON ADDITIONAL HOLIDAY PAY

In order to avail of the additional holiday pay, one MUST BE

PHYSICALLY PRESENT

• BEFORE the holiday

• DURING the holiday
• AFTER the holiday

Those who are filing VL/SL on those days will NOT be qualified for
the additional holiday pay, nor who rendered undertime on any days
above.
OVERTIME COVERAGE AND CREDITING
PAY RATE

Holiday pay – part of CDC 12 holiday 100%

During Saturday or Sunday, not part 130% *130% or 169%
of CDC 12 holiday
Holiday not part of CDC 12 holiday 130%
Special holiday 30%
Rest day OT 130%
Regular day OT 125%
WHEN EMPLOYEE RESIGNS…

He will get:
1.The OT rendered, if not yet given
2.The basic salary, if there is still
3.13th month pay, pro-rata (employee stayed in the Company for more than 1 month
4.VL, up to ten (10) days, if qualified
5.Tax Refund

We will deduct:
1.Remaining SSS loan balance (whole)
2.SSS, PHIC, HDMF for the month of resignation
3.LWOP, if there is any
 SAMPLE OF BIR FORM 2316

Employee will receive two (2) copies of signed BIR Form 2316 on the 2nd week of February of the following year
HOTLINES

SSS 8920-6401, 8920-6446 to 55

HDMF 8724-4244

PHIC 8441-7442

Email Lorraine Dimayuga at lcdimayuga@yahoo.com

for payroll concerns