Most companies require 8 hours per day from Monday to Friday on a monthly basis and Monday to Saturday for a daily rate. The minimum wage in the Philippines varies in different regions and the hourly rate computation must be based on the DOLE-provided hourly rate table.
Source of payroll process is coming from the timekeeping processing called as work hour distribution that confirmed by employee and approved by head department prior to payroll processing. HR Payroll System automatically computes salary based on their daily rate, allowance, or other benefits assigned in payroll information in employee table. Mandatory contributions like SSS, Philhealth, HDMF, tax deduction, loan deduction, adjustment pay, other income, and add back pay are automatically computed by the system. Employees with a minimum wage are tax-exempt under the TRAIN Law.
Daily Rate = 950.00
Gross Income = 20,613.34
Total Contribution = 2,093
Taxable Income = 18,520.34 -> (Gross Income - Total Contribution)
The taxable income 18,520.34 from Train Law Semi-Monthly Tax Table is under the salary bracket of 16,667 which the tax due is 1,250.00 + 25% over)
Tax = 18,520.34 - 16,667 = 1,853.34
Over = 1,853.34 * .25 = 463.34
= 1,250.00 + 463.34
Tax Due = 1,713.34
Net Pay = Gross Income - Total Deduction
= 20,613.34 - (2,093.00 + 1,713.34)
= 16,807.00
Take Home Pay: 16,807.00
Gross Income = 31,712.83
Total Contribution = 2,686.54
Taxable Income = 29,026.29 -> (Gross Income - Total Contribution)The taxable income 29,026.29 from Train Law Semi-Monthly Tax Table is under the salary bracket of 16,667 which the tax due is 1,250.00 + 25% over)
Tax = 29,026.29 - 16,667 = 12,359.29
= 12,359.29 * .25 = 3,089.82
= 1,250.00 + 3,089.82
Tax Due = 4,339.82
Net Pay = Gross Income - Total Deduction
= 31,712.83 - (2,686.54 + 4,339.82)
= 24,686.47
Take Home Pay: 24,686.47
Automate the loan deduction process by setting up a payroll deduction for each employee loan. This can be done by creating a payroll deduction category specifically for the loan and linking it to the employee's loan.
Automated timekeeping and attendance solutions make it easier for employees to track their time and attendance. This can lead to increased productivity, as employees are better able to focus on their work rather than worrying about the accuracy of their time tracking.
Define the Goals and Objectives of the HRIS Software Implementation: Identify the purpose of the new system and how it will benefit the organization.
Designed to track an employee’s time worked and generate an accurate payroll, system allows employees to clock in and out, track hours worked, view their timecards, and view their pay stubs.
Paperless timekeeping processes can save businesses time and money by reducing the time spent handling paperwork and manual data entry.
The new SSS contribution table effective January 2023 which applies to employers and employees monthly contribution.
Under Revenue Regulation (RR) 11-2018 Annex E, the new schedule of withholding tax on compensation effective January 1, 2023 and onward.
Step by step procedure how to test and explore the online application using available modules from employees master data and other setup-to-proceed user testing.
HR private employee master data contains the personal details, job information, educational background, training, allowance, and 201 files of your employees that all information stored in the database for easy retrieval of records.
Personal Information, Family Background, Educational Background, Civil Service Eligibility, Work Experience, Voluntary Work, Learning & Development, Other Information, Questionnaire, 201 Files, Payroll Setup, Job Information, Allowance.
Contact Us, those organizations need to modernize HR Management Tools and a paperless solution to speed-up the entire process of human resources and the automation of timekeeping to payroll processing that every process module has approvals.