Teachers receive higher salaries, allowances in 2018
DepEd said that with the TRAIN law implementation and the third tranche of the Salary Standardization Law, a Teacher—salary grade 11 earner—will receive a gross basic salary of P20,179 and will have a net take home pay of P20,012. The STAR/Boy Santos
MANILA, Philippines — Public school teachers will receive additional net take home pay and allowances starting January 2018, the Department of Education announced Friday.
The announcement comes on the heels of the implementation of the Tax Reform for Acceleration and Inclusion law Monday.
Under the measure, Filipinos making an annual taxable income of P250,000 and below will no longer need to pay income tax. But the lower personal income will be offset by higher prices of basic goods and services.
DepEd said that with the TRAIN law implementation and the third tranche of the Salary Standardization Law, a Teacher—salary grade 11 earner—will receive a gross basic salary of P20,179 and will have a net take home pay of P20,012.
This is 16.21 percent or P2,792 higher than the take home pay under the 2017 tax schedule amounting to P17,220.
READ: Winners and losers: How the TRAIN law affects rich, poor Filipinos
The "chalk allowance" for educators also increased to P3,500 from P2,500. "Chalk allowance" is the amount given to teachers at the start of the school year for the purchase of chalk, pens, erasers, cartolinas and other instructional materials.
The clothing allowance likewise grew to P6,000 from P5,000.
The data released by DepEd last October showed that teachers have incurred P178 billion in loans from private lending institutions and P123 billion in credit from the Government Service Insurance Systems of 2016.
READ: Public school teachers’ accumulated debt reaches P300 B
- Latest
- Trending
