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The 14-th month pay and other benefits, including productivity incentives and Christmas bonuses, are exempted from tax if they do not exceed P90,000, according to Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law, Dec 16, 2024 · The payout marks the first time teachers will get the maximum bonus amount allowed by law, following Marcos's statement last week justifying the hike in their SRI from P18,000 to P20,000. May 4, 2024 · Aside from regular salary, DepEd Personnel are entitled of the following benefits and allowances this 2024: Personnel Economic Relief Allowances- 2,000.00 (Monthly) Mid-Year Bonus- 1 Month Basic Pay (May 15) Special Hardship Allowance ( SHA)- must not exceed 25% of the annual basic salary Dec 16, 2024 · Teachers and non-teaching employees alike will be receiving their service incentive this Christmas. DepEd to release P20,000 incentive for teachers, personnel | ABS-CBN Entertainment This bonus is separate from the 13th month pay or Christmas bonus. 5. Year-end Bonus (YEB) and Cash Gift - The YEB is an equivalent of one (1) month basic pay as of October 31, and the Cash Gift is Php 5,000. Both shall be given to entitled government personnel not earlier than November 15 of the current year, subject to prevailing conditions. 6. In the spirit of the upcoming Christmas season, government workers nationwide will receive their 14th month pay (Christmas bonus) and cash gift starting tomorrow, November 15. The year-end bonus is equivalent to a full month’s salary, while the cash-gift amounts to 5,000 pesos. Dec 19, 2011 · The P10,000 PEI is commonly referred to as the Christmas bonus. To ensure that the country’s half a million teachers get their bonuses before Christmas, DepEd said it has already made initial preparations in anticipation of fund transfer from Department of Budget and Management (DBM). DepEd Anniversary Bonus/Teachers’ Day Incentive. In October, as part of the benefits and cash allowances, DepEd teachers receive a ₱1,000 bonus to celebrate the DepEd Anniversary and World Teachers’ Day. Appreciation in Action: This bonus is a small but meaningful way to recognize the hard work and dedication of teachers. Gov’t workers to receive year-end bonus, cash gift starting Nov 15 – In the spirit of the upcoming Christmas season, government workers nationwide will receive their 14th-month pay (Christmas bonus) and cash gift starting November 15. The year-end bonus is equivalent to a full month’s salary, while the cash-gift amounts to 5,000 pesos.

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