Gov’t employees to have cash gift, year-end bonus adjacent week

Gov’t employees to have cash gift, year-end bonus


“Starting Nov 15, all qualified authorities employees volition have year-end bonus taxation gratis that is equivalent to their 1 calendar month basic salary,” Diokno told reporters during a breakfast forum inwards Pasig City.


State workers volition larn a cash gift as well as a year-end bonus kickoff this month, Budget Secretary Benjamin Diokno said Wednesday.

The Department of Budget as well as Management has earmarked P6.93 billion for the cash gifts as well as P32.84 billion for the year-end bonuses nether the 2017 budget.

“Starting Nov 15, all qualified authorities employees volition have year-end bonus taxation gratis that is equivalent to their 1 calendar month basic salary,” Diokno told reporters during a breakfast forum inwards Pasig City.

READ: GUIDELINES IN GRANTING CASH GIFT AND BONUS


Apart from the year-end bonus, each country worker volition likewise larn a P5,000 cash gift.

The Budget chief  clarified that the loose of bonuses as well as cash gifts volition truly start on Nov sixteen every bit the 15th is a non-working solar daytime inwards low-cal of the 31st Association of Southeast Asian Nations Summit.

Eligible to have the bonus as well as cash gift are authorities personnel who bring rendered at to the lowest degree 4 months of service, including leaves of absence amongst pay from Jan 1 to Oct 31, as well as are notwithstanding employed every bit of Oct 31.

The bonuses as well as cash gifts are dependent champaign to the guidelines issued past times the Department of Budget as well as Management as well as Budget Circular No. 2016-4, Diokno said. 

SOURCE: VDS, GMA News


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