The monthly premium contributions shall be at the rate of 2.75% computed straight based on the basic salary, with a salary floor of P10,000.00 and a ceiling of P40,000.00, to be equally shared by the employees and their employer. The table below will be the new basis of the computation.
There are different options on how PhilHealth contribution will be computed. This can be configured on Company > Setup > Profile under Government Contributions tab.
Philhealth Computation Option 1: PhilHealth contribution based on basic pay (salary)
- For instance, employee has a monthly basic salary of P15,000. Following the table above, the monthly premium will be P412.50 (P15,000 X 2.75%), which will be divided by the employee and employer, hence P206.25 each.
Philhealth Computation Option 2: Philhealth contribution based on basic pay, overtime, absent/late and salary adjustment per pay period
- For instance, an employee has a semi-monthly basic pay (salary) of P6,000 plus an overtime pay amounting to P500, less absence amounting to P100. Based on the table above, the premium will be P176 (P6,000 + P500 - P100 = P6,400 X 2.75% = P176), which will be divided by the employee and employer, hence P88 each.
Now you’ve learned how to compute for PhilHealth contribution using the table effective starting January 1, 2018. If you have questions or suggestions, do not hesitate to get in touch with us at firstname.lastname@example.org.
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