knowing how to compute your net pay empowers you financialy.

2. Typical
payroll
computation
format
Ms. Pastillas
For the period August 2015
Basic Pay P xx
Add:
Overtime P xx
Night Diff. xx
Holiday Pay xx xx
Gross Pay xx
Less:
Tardiness xx
Undertime xx
Leave w/o pay xx
Adjustments xx
SSS Dues xx
Pag-ibig Dues xx
Philhealth Dues xx xx
Taxable Income xx
Less:
W/Holding tax xx
SSS Loan xx
Pag-ibig Loan xx
Advances/vale xx
Union Dues xx xx
Add:
Allowances xx
Comissions xx xx
Net Pay P xx

3. Holiday Pay
Regular holiday: x200% (minimum wage x 200%)
Addition to basic rate
• Rest day or Special day: +30%
(basic rate x 130%)
• Special day falling on a scheduled rest day: +50%
(basic rate x 150%)
• Regular holiday falling on a scheduled rest day: +30%
(basic rate x 260%)

4. Overtime Pay
Addition to hourly rate
• Ordinary working days: +25%
(hourly rate x 125% x number of hours OT work)
• Rest day or Special day: +30%
(hourly rate x 130% x 130% x number of hours OT work)
• Special day falling on a scheduled rest day: +50%
(hourly rate x 150% x 130% x number of hours OT work)
• Regular holiday: +30%
(hourly rate x 200% x 130% x number of hours OT work)
• Regular holiday falling on a scheduled rest day: +30%
(hourly rate x 260% x 130% x number of hours OT work)

5. Night Shift Differential
Work on: Pay equals:
Ordinary day 1 x 1.1 = 1.1 or 110%
Rest day/special day 1.3 x 1.1 = 1.43 or 143%
Special day, rest day 1.5 x 1.1 = 1.65 or 165%
Regular Holiday 2 x 1.1 = 2.2 or 220%
Regular Holiday, rest day 2.6 x 1.1 = 2.86 or 286%
OVERTIME
Ordinary day 1 x 1.1 x 1.25 = 1.375 or 137.5%
Rest day/special day 1.3 x 1.1 x 1.3 = 1.859 or 185.9%
Special day, rest day 1.5 x 1.1 x 1.3 = 2.145 or 214.5%
Regular Holiday 2 x 1.1 x 1.3 = 2.86 or 286%
Reg. Holiday, rest day 2.6 x 1.1 x 1.3 = 3.718 or 371.8%

6. SSS Contribution Table 2015
.

7. SSS Contribution Table 2015
Total Contribution =
11% Of monthly salary credit
not exceeding P16,000
Where: 7.37% from employer
3.63% from employee
Total Contribution = P 12,000 x 11% = P 1,320.00
Employer = 12,000 x 7.37% = P 884.00
Employee= 12,000 x 3.63% = P463.00

8. Pag-IBIG Monthly Contribution
Employee share:
P 1,500 x 1% = P 15.00
P 2,000 x 2% = P 40.00
P 5,000 x 2% = P 100.00
Employer share:
P 1,500 x 2% = P 30.00
P 2,000 x 2% = P 40.00
P 5,000 x 2% = P 100.00

9. Philhealth Premium Contribution
Table 2015
.

10. Philhealth Premium Contribution
Table 2015
*Employee share represents
half of the total
monthly premium
while the other half
is shouldered by the
employer.
Total Monthly Premium =
2.5% of Salary Base not
exceeding 35,000
Total Monthly Premium = P 12,000 x 2.5% = P 300.00
Employee share = P 300 / 2 = P 150.00
Employer share = P 300 / 2 = P 150.00

11. Typical
payroll
computation
format
Ms. Pastillas
For the period August 2015
Basic Pay P xx
Add:
Overtime P xx
Night Diff. xx
Holiday Pay xx xx
Gross Pay xx
Less:
Tardiness xx
Undertime xx
Leave w/o pay xx
Adjustments xx
SSS Dues xx
Pag-ibig Dues xx
Philhealth Dues xx xx
Taxable Income xx
Less:
W/Holding tax xx
SSS Loan xx
Pag-ibig Loan xx
Advances/vale xx
Union Dues xx xx
Add:
Allowances xx
Comissions xx xx
Net Pay P xx

12. Typical
payroll
computation
format
Ms. Pastillas
For the period August 2015
Basic Pay P12,000.00
Add:
Overtime P0.00
Night Diff. -
Holiday Pay - -
Gross Pay 12,000.00
Less:
Tardiness -
Undertime -
Leave w/o pay -
Adjustments -
SSS Dues 463.00
Pag-ibig Dues 100.00
Philhealth Dues 150.00 713.00
Taxable Income 11,287.00
Less:
W/Holding tax -
SSS Loan -
Pag-ibig Loan -
Advances/vale -
Union Dues - -
Add:
Allowances -
Comissions - -
Net Pay -

13. Withholding Tax Tables
*

14. Withholding Tax Tables
Withholding Tax =
[(Taxable Income - Bracket or Exemption) x %over]
+ Bracket Tax or Base Tax
= [(P11,287 – 10,000) x 20%] + 708.33
= [(1,287) x 20%] + 708.33
= [257.40] + 708.33
= P 965.73

15. Typical
payroll
computation
format
Ms. Pastillas
For the period August 2015
Basic Pay P12,000.00
Add:
Overtime P0.00
Night Diff. -
Holiday Pay - -
Gross Pay 12,000.00
Less:
Tardiness -
Undertime -
Leave w/o pay -
Adjustments -
SSS Dues 463.00
Pag-ibig Dues 100.00
Philhealth Dues 150.00 713.00
Taxable Income 11,287.00
Less:
W/Holding tax -
SSS Loan -
Pag-ibig Loan -
Advances/vale -
Union Dues - -
Add:
Allowances -
Comissions - -
Net Pay -

16. Typical
payroll
computation
format
Ms. Pastillas
For the period August 2015
Basic Pay P12,000.00
Add:
Overtime P0.00
Night Diff. -
Holiday Pay - -
Gross Pay 12,000.00
Less:
Tardiness -
Undertime -
Leave w/o pay -
Adjustments -
SSS Dues 463.00
Pag-ibig Dues 100.00
Philhealth Dues 150.00 713.00
Taxable Income 11,287.00
Less:
W/Holding tax 965.73
SSS Loan -
Pag-ibig Loan -
Advances/vale -
Union Dues - 965.73
Add:
Allowances -
Comissions - -
Net Pay P10,321.27

18. FIN.