Dating daan vs inc
However, these salary-related benefits should be included as part of the basic salary in the computation of the 13th month pay if by individual or collective agreement, company practice or policy, the same are treated as part of the basic salary of the employees.The required 13th month pay shall be paid not later than December 24 of each year.This can be filed as one of the frequently asked questions: “How can I apply for a Pag-IBIG Housing Loan?” This article addresses that question in a very straight-forward and easy-to-understand manner. It’s conducted at any Pag-IBIG Office all over the Philippines. This will probably take a couple of days to comply.Only basic salary is included in the computation of 13th month pay.Allowances and monetary benefits which are not considered or integrated as part of the regular or basic salary, such as the cash equivalent of unused vacation and sick leave credits, overtime, premium, night differential and holiday pay, and cost-of-living allowances, shall be excluded from the computation.Private school teachers are entitled to 13th month pay regardless of the numbers of months they work in a year, provided it is at least one month.Employees who resigned or were separated during the calendar year shall be entitled to 13th month pay in proportion to the length of time he worked during the year, provided it is at least one month.
It provides that a managerial employee is one who is vested with powers of prerogatives to lay down and execute management policies and/or to hire, transfer, suspend, lay-off, recall discharge, assign or discipline employees, or to effectively recommend such managerial actions.
All employees not falling within this definition are considered rank-and-file employees.
The 13th month pay shall be in the amount not less than 1/12 of the total earned by the employee within the calendar year.
Step #4 Wait for The Notice of Loan Approval or Letter of Guaranty. There are some and will be provided at the Pag-IBIG Fund office.
Or if you can’t wait on your mail box, phone them to follow-up the status of your loan application. Step #6: Visit the Bureau of Internal Revenue and Registry of Deeds.