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Contribution Table - Philippine Health Insurance Corporation
Web01/30/2024 1. A 50-year-old employee retired during the year after 30 years ofcontinuous and received the following remunerations: Basic salary P 250,000 Employee share to SSS, PHIC, HDMF and union dues WebA 60-year old employee retired during the year after 40 years of service and received the following remunerations: Gross basic salary P1,200,000; Employee share to SSS, PHIC, HDMF \& union dues - P40,000; Overtime pay P35,000; Retirement pay from an approved plan - P3,000,000; Benefits from SSS - P500,000; 13th month pay - P100,000. WebDec 1, 2015 · Employee’s share is deduction from employee’s salary, therefore a reduction (debit) to salaries payable; Employer’s share is an outright expense classified under employee benefits account. PHILHEALTH premium to be remitted by the employer is a payable account (current liability). It will be debited once remittance is made. great yarmouth booking.com