2023-11-25T07:36:59+03:00[Europe/Moscow] en true <p>Monetized unused vacation leave credits of private employees not exceeding "10 days" during the year</p>, <p>Monetized unused vacation leave credits of private employees exceeding "10 days" as during well as payment if sick leave regardless of number of days</p>, <p>Ceiling of Other Benefits</p>, <p>Monetized value of vacation and sick leave credits paid to goverment official and employee regardless of number of days</p>, <p>Ceiling for Medical cash allowance to dependents of employees </p>, <p>Ceiling for Uniforms given to employees by the employer</p>, <p>Ceiling for Actual medical assistance (Medical Allowance)</p>, <p>Ceiling for Laundry Allowance</p>, <p>Employee Achievement Awards in a form of tangible personal property</p>, <p>Christmas Gifts</p>, <p>Daily meal allowance for overtime work</p>, <p>Productivity Incentive Pay</p>, <p>What if Productivity Incentive pay exceeds the ceiling</p>, <p>What stands for CBA &amp; CNA</p> flashcards
Ceiling

Ceiling

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  • 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