What is the basis for computing the monetary equivalent of unused Service Incentive Leave?
The monetary equivalent of unused Service Incentive Leave is based on the employee’s current salary. According to the rules derived from Article 95 of the Labor Code of the Philippines, the exact basis is the salary rate at the date of commutation. To calculate the total, the daily salary rate is simply multiplied by the remaining accrued leave days. This ensures the payout accurately reflects the worker’s most recent and highest earning capacity. 16-May-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
