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Written by: Maria Lourdes M. Yanuaria, CPA, RFP
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1. You need the correct daily rate of the employee when you are deducting
their absences. If you are deducting absences for your employees, you want
to make sure that you are not under-deducting or over-deducting them. The
same applied when you are deducting their tardy and undertime.
2. Their daily rates have an impact to their tax computation, minimum wage
earners have additional tax benefits here in the Philippines. You need to
make sure that their daily rate is correct so you can properly check if they
are minimum wage earners or not.
Here is how you should compute your employee’s daily rates, you can
surely come up with the same result with different formulas but at least this
is the most common formula that we see in many companies.
Here is an example.
If you have an employee with a monthly rate of 11,000 and working 5 days a
week.
That 505.75 will be your basis when you are checking if the employee is a
minimum wage earner or not. Which if you look in the DOLE website in
NCR, that is above minimum wage earner so you should deduct taxes to the
employee’s salary assuming that there is no other applicable tax exemption.
If the employee is also required to work during Saturdays with the same
monthly rate. The computation of daily rate will be
423.08 is below minimum wage and you don’t need to deduct withholding
tax to the employees salary, in fact at the time of this writing (June 2016)
423.08 is below minimum wage and should be increased to the correct
minimum wage.
That rate will also be your basis when computing their absences and their
hourly rates which will be your basis in the computation of their overtime
pays.
Trust is very important between employer and employees and correct salary
computation is one way to strengthen it.
You can make us an extension of your office by letting
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us do the accounting, payroll, tax and business
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Comments
BHONG says
January 30, 2014 at 10:16
can you gave me a salary distribution based on DOLE for a roving guard with
vehicle
Roma says
May 27, 2014 at 19:51
How will I know how much is my tax in every cut off? if example i’m earning
17,000 a month? thank you.
how to compute the withholding tax of under minimum wage and not under
minimum wage? thanks
Pacita says
October 4, 2014 at 23:52
Hi,
Jaycee says
October 14, 2014 at 23:28
I am a new sole proprietor and I want to hire an assistant for P350 per day (net
of sss, Philhealth and Pag-ibig benefits) which I can only afford to pay as of
now… how should his monthly payslip computed? and how much should i remit
to SSS, PH & Pag-ibig?
Thank you.
a health personnel rendered his service 48 hours a week. how much will he get
in a week?
Is monthly wage rate calculated in Philippines ? If yes, can you send me that
document as attachment to mail
Dj Marmolejo says
December 8, 2014 at 16:50
In 10,500 how much my daily income. Except sundays because its my dayoff.
Hello good day. I’m Jerick, web developer and working with a small company.
Our salary are given every 15th and last day of the month. Saturdays and
Sundays are our day off. We have a monthly fixed salary like even if we only
work for 10 days or 11 days in a certain cutoff period we received the same
amount every time. Our cutoff periods are 26-10 given on 15th and 11-25 given
on the last day of the month.
Our Boss wants to change the payroll dates from every 15th and last day of the
month to every 7th and 22nd day of the month and also the cutoff period from
26-10 to 1-15 and 11-25 to 16-last day of month. He said the reason for the
change is to make it easier for them to do the book keeping, something like
that.
So to make the adjustments happen, our company will do like this, knowing that
today is December 11, 2014 when I sent this letter.
-On Monday December 15, 2014 the company will give us our salary from
November 26 to 30 2014 and they said it is computed for 3 days only, because
Nov 29 and 30 are saturday and sunday.
-Then on December 22, 2014, we will get our salary for the period of December
1-15, 2014.
My question is, Is it right that we will only receive 3 days amount for Nov 26 –
30?
Hi, tanong ko lng regarding sa monthly fixed rate. pag nakuha ko n yung daily
rate assuming na 10,000 a month tpos we are working for mondays to
saturdays , including special non-working holidays. yung daily rate n nakuha ko
yun n gagamitin or kinuha lng daily rate for the deductions of absences and
overtime?
Thank you.
good day po. tanong ko lang po dito po company namin ang computation ng
salary dati at (monthly salary÷ 25.25) ngayon po (monthly salary÷26)
naguguluhan po ako sa binigay niyong fomula. monday to saturday po pasok
ko. salamat and god bless
panu naman po yung daily rate! kapag meron pong holiday and special hoidays
po.
Sheena says
April 7, 2015 at 10:36
Hi, ask ko lang kung tama ba na kahit ang basis ng wage computation namin
eh sa factor 261 days (daily wage earner) kapag hindi pumasok ang employee
on special non working holiday eh hindi paid. Pero based on the salary above
minimum earner ang employee. Diba applicable lang ang “no work, no pay” sa
minimum wage earner? ngkataon lang na ang basis ng computation ng salary
eh sa 261 days factor?. I confused and i need a valid reason and link na
maiiexplain ko sa supervisor. It’s unfair kasi sa employee na hindi bayad ng
regular day sa SP Non working kahit above minimum/ fixed rate salary ang
employee.
Lia B. says
May 21, 2015 at 13:24
neslie says
July 14, 2015 at 10:50
Hi..ung father ko ndi fixed ang salary kasi per byahe sya..1600 per byahe kasi
trucking driver sya..married pero unemployed ang mother ko..exempted ba sya
o taxable?highest na byahe nya 8 lowest is 2 pero ang deduction ng company
more than 1k..tama ba un?thanks
sir’/mam’ ask ko lng po diba dun sa sample nyu kung panu malalaman ung
daily rate ng employees” is 10000x(days of work)/? ?? san nyu po n a kuha ung
divider?? answer plzz.. asap”