Profits and losses in the real estate market

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Entrepreneurs who employ employees must know the rules for determining the basis for calculating the benefit. Rules for determining the basis for calculating benefits There is no freedom in determining the basis for calculating benefits, because there is an Act on cash benefits from social insurance in the event of sickness and maternity, which explains it in detail. It should be noted that not all ingredients will be included in the base, but we will write about this in detail below.

The regulations also provide for a waiting period for payment of sickness benefit. The waiting period for payment philippines photo editor of sickness benefit is: days for employees days in the case of persons running non-agricultural business activities You will be entitled to the benefit in the first month of employment if: The break in sickness insurance did not last longer than days. The employee has at least years of compulsory sickness insurance. Incapacity for work occurred as a result of an accident at work, on the way to or from work Remuneration components that are included in the basis for calculating benefits The remuneration components included in the benefit basis may cover periods of one month or longer than one month.



These calculations will vary depending on the remuneration components paid by a given employer. But let's first see what general rules apply in this area. The basis for calculating sickness benefit is: Monthly remuneration specified in the employment contract, if it is a fixed monthly amount Remuneration due for periods longer than one month: quarterly, half-yearly, annual In the case of remuneration components that are due for periods longer than month, the basis for calculating the benefit is / of the amount paid for the calendar year preceding the month in which the incapacity for work occurred.