16 Nov Government Employees To Get Christmas Bonus + Cash Gift Worth P5,000 Starting November 15
Mga higala! Government employees will finally receive their 14th-month pay or CHRISTMAS BONUS and CASH GIFT starting yesterday, November 15.
In a statement, Budget Secretary Benjamin Diokno said that the Christmas bonus is equivalent to a full month’s salary, while the cash gift amounts to P5,000.
He also added that the 14th-month pay and other benefits should be exempt from tax, provided that it does not exceed ₱90,000, based on Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law.
Image by GMA News.
Government employees who are illegible for these incentives are those who have been in service as of October 31 with a total of four months since the beginning of 2018.
Meanwhile, those who have retired or separated from government service before October 31 and have rendered four months of service will be granted a pro-rated year-end bonus and cash gift, within the month of retirement or separation.
On top of these bonuses, government employees will also receive their Productivity Enhancement Incentive, which will be released starting December 15, said Budget Secretary Diokno. –Inquirer.Net
No Comments