Monetized unused vacation leave credits of private employees not exceeding "10 days" during the year
De Minimis Benefit
Monetized unused vacation leave credits of private employees exceeding "10 days" as during well as payment if sick leave regardless of number of days
Other Benefits
Ceiling of Other Benefits
90,000
Monetized value of vacation and sick leave credits paid to goverment official and employee regardless of number of days
Exempt from tax on compensation income
Ceiling for Medical cash allowance to dependents of employees
1,500 per semester or 250 a month
Ceiling for Uniforms given to employees by the employer
6,000 per annum
Ceiling for Actual medical assistance (Medical Allowance)
10,000 per annum
Ceiling for Laundry Allowance
300 per month
Employee Achievement Awards in a form of tangible personal property
10,000
Christmas Gifts
5,000
Daily meal allowance for overtime work
25% of the basic minimum wage on a per region basis
Productivity Incentive Pay
10,000
What if Productivity Incentive pay exceeds the ceiling
The entire amount should be included in the other benefits
What stands for CBA & CNA
Collective bargaining agreement and Collective negotiation agreement