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Compensation Income
De Minimis Benefits
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Determination of Excess De Minimis
Compensation Income > De Minimis Benefits
3 cards
Cards (14)
Monetized unused vacation leaves
10 days/year
,
private EE
Monetized unused vacation and sick leaves
No limit
-
tax exempt
,
government EE
Medical cash allowance - dependents
P1,500/sem
or
P250/month
per EE
Rice subsidy
P2,000
or
1 sack of 50kg rice/month
Uniform and clothing allowance
P6,000/year
Actual medical assistance
P10,000/year
Laundry allowance
P300/month
or
P3,600/year
Employee achievement award
P10,000
non-cash & non-gc
Gifts - Christmas & Major Anniversary
P5,000/year
Daily meal allowance
25% of basic minimum wage
,
overtime & graveyard shift
CBA and productivity incentive
P10,000/year
See all 14 cards