Leaving workBenefits
Leave monetization
Often called leave conversion
Getting cash for unused leave days.
Most useful for: Career shifter, Government
- In real life
- 12 unused days at ₱1,379.31 is ₱16,551.72, all tax-free for a private employee.
- Why it matters to you
- Up to 12 days a year are tax-free in private work. In government, the whole amount is.
An explanation to help you read your pay, not a ruling on your case. Your employer, the agency or DOLE has the final word.