13th month pay calculator
Calculate a 13th month payment from monthly basic pay and the months worked in the year.
Calculate a 13th month payment from monthly basic pay and the months worked in the year.
13th month pay = monthly basic pay × months worked ÷ 12.
A full year pays one extra month of the basic pay you enter. Six months pays half of that month. The basic pay should be the amount the plan uses. If the plan excludes allowances, leave them out of the monthly figure. This does not calculate tax on the extra month.
Monthly basic £3,750. 12 months. 3,750 × 12 ÷ 12.
£3,750
£3,750 × 6 ÷ 12.
£1,875
Companies use the words differently. Here it is one month of basic pay, scaled by months worked. A bonus that is a percentage of salary belongs on the bonus calculator.
Enter the fraction yourself: put the full monthly basic in, then use months only when the plan is monthly. For a day-based plan, price it as unused holiday is priced, with days in post over days in the year, times one month of pay.
Only if the plan says so. Enter the months they worked if it prorates. Enter zero if the plan requires them to be employed on the payment date and they will not be.
A full year of service is one extra month of the basic pay you enter. Fewer months are a share of that month.