Starting Nov. 15, Gov’t Employees to Receive Year-end Bonus, Cash Gift – Diokno:

CASH GIFT

Government employees nationwide will receive their 14th month pay or Christmas bonus and cash gift starting November 15, Budget Secretary Benjamin Diokno said Wednesday. “In the spirit of the upcoming Christmas season, government workers nationwide will receive their 14th pay and cash gift starting tomorrow, November 15,” Diokno said in a press conference. The year-end bonus is equivalent to a full month’s salary, while the cash gift amounts to P5,000, Diokno said. The Budget chief also noted that the 14th month pay and other benefits should be exempt from tax, provided that it does…

Starting Nov. 15, Gov’t Employees to Receive Cash Gift and Year-end Bonus

year end bonus diokno

Starting November 15, all qualified government employees will receive year-end bonus tax free that is equivalent to their one month basic salary.  The bonuses and cash gifts are subject to the guidelines issued by the Department of Budget and Management and Budget Circular No. 2016-4 Budget Circular No. 2016-4 (Click to read more) Executive Order (EO) No. 201, s. 2016, entitled “Modifying the Salary Schedule for Civilian Government Personnel and Authorizing the Grant of Additional Benefits for Both Civilian and Military and Uniformed Personnel,” provided for the adoption of a compensation…