budget for the 13th month pay or bonus

Why would the 13th month have withholding tax? Well, if it's 30,000 pesos and above, it is indeed taxable. So i guess, it's more than that.

Oh how I wish my 13th month is more than 30K. But it did really took a big part to consume my non-taxable allowance. Other company benefits also are included in the count. And as I mentioned, I gave birth last January and some certain amount was covered by the company and is included in the potential taxable. but the final computation for the above 30K was only done last November. SO the taxes came in together with the 13th month...

and by the way, our 13th month is given in 2 halves. 1st half is in May, 2nd half is in November.

Yes, we really have to think of something to give to ourselves also whenever we receive our 13th month pay. It's one way of treating ourselves for working hard. Well, as to bonus, i hope we will have one this year.

Last year, i was with another affilliate, who didn't give bonus because they didn't profit. But my boss gave me from her own pocket. This time, she transferred me again to another affiliate but at least it's gaining. I really hope we will be given a bonus. BUt if not, i know my boss will again give me from her own. !

So you mean it happens only sometimes in your office to receive bonuses? how about last year did you receive some?huhuh i hope we also have bonuses.

As for me , my friend, the bonus will determine how much shopping money will i give to our daughter. And the rest will be for some thing that i will buy for myself also. My husband and i just give her money for her own shopping, because every time we buy her gifts like clothes and shoes, she doesn't like them .

Well, the 13th month is a compulsory bonus to the employees, as mandated by the Dept. of Labor. So, usually after the 13th month is given, the employees would still long for a bonus.

But at least you get to budget it for important things to buy belinda. So, you mean amongst the budget you haven't got something for yourself, except that 100 pesos?

There , you actually have have something "big" for yourself already.

I have included my expenses for my travel next next week. So, the real 'extra' money left would be 100pesos.

Actually my friend, the 13th month pay is a mandatory bonus or cash gift to the employer. So in addition to the 13th month pay, the employees sometimes are given bonus.

A part will be giving a bigger shopping money to our daughter, whose birthday also falls on Christmas, so our gift must be double too. As for the rest, gifts and for useful things.

Some of them will be, specially for our daughter and for my husband. Of course, i will also buy something for myself. The rest for some needed things to be bought.

Yes, it's mandatory as mandated by Dept. of Labor and Employment. Actually, the other half was already given to us last May. It is that because it will help those who are sending their children to school, pay the enrollment dues. The second half which is before Christmas is supposed to be for the Christmas preparations of the employees. So the bonus would indeed be an added money ! So,we hope we will be given bonus too.

Actually, our 13th month pay already arrived yesterday. I have set aside part of it for some unexpected Christmas spending. And that's true, we have to spend wisely because Christmas need not be expensive. It's the family that is important to spend it with.