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You are here: Home / Personal / How does a public school teacher payroll slip look like?

How does a public school teacher payroll slip look like?

By Faust Principe April 11, 2021

Payroll Slip for school teachers is here!

Like any public school government employee, I work on weekdays from 8-5 starting Mondays to Fridays.

Salary Increase by Tranche

The good news is we recently had our salary increase that came in tranches which are released on a yearly basis for about 4 years, depending on who sits on the seat of power running the country.

For the purpose of transparency, I’ll show you how our payroll slip, how it actually looks like in our own school setting.

To break it down into manageable pieces, I’ll explain what those deductions, and net pay really mean.

Payroll Slip Deductions

Payroll Slip

My actual basic salary is PhP 24,724.00, Twenty Four Thousand, Seven Hundred Twenty Four for a Teacher I position with a Salary Grade of 11 based on the Second Tranch Salary Increase which was released last January 2021 this year by DBM.

Here’s the month of March Official Payroll Slip (Payslip) table of deductions and breakdown if many of you are wondering where all the deductions are going:

DeductionsEffectivity DateTermination DateAmount of Deduction
Tardiness & / Undertime–
Leave without pay–
BIR Withholding Tax193.81
GSIS Share2,226.78
GSIS Real Estate Loan–
GSIS Conso Loan05-01-201807-01-20283,590.20
GSIS Multi-purpose Loan–
GSIS Computer Loan–
GSIS Emergency/Calamity Loan03-01-201806-01-2021655.56
GSIS Policy Loan300.00
GSIS Educ. Loan–
GFAL–
PHIC Share371.13
PAG-IBIG Share100.00
PAG-IBIG Multi-purpose Loan–
PAG-IBIG Housing Loan–
Provident Loan–
Fortune General–
Prudential Life–
Phil. Interlife Ins.–
Tagum Coop–
City Savings Bank–
Eastwest–
One Network07-23-201708-23-20204,822.00
China Bank Savings
Unistar
Mindanao Educators Mutual Benefit Assoc.
Total Deductions:12,259.48
Net Pay:14,482.52

Whenever we have a salary increase a tax is strictly imposed. If I base this on the community tax certificate as of February 29, 202, I paid PhP 301 Pesos.

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Bank Loans

I previously had availed loans from these private banks namely: City Savings Bank, Eastwest Bank, China Bank Savings.

It was not easy having two (2) bank loans at a time! There were instances we had a undeducted/unremited obligations because our previous accountant/disbursing officer window dressed (payment voucher kiting kind of thing) our payroll slip/payslips, and I had to pay cash to these banks.

The remaining bank left I made is from One Network Bank acquired by BDO with a monthly amortization of PhP 4,822.00 which will end/terminate on March 20, 2023. Finally, I can spend and invest on things that matters.

Taking up the most slice of the share is from GSIS. The GSIS Share is PhP 2,226.78, followed by GSIS Conso Loan PhP 3,590.20 this is 11% per annum – this amount is enough to fund a stock market with such steady flow in returns for 7 long years!, next is GSIS Emergency Loan PhP 655.56, hopefully this will end on this year by June or July 2021, giving breathing space increase for my net pay. And GSIS Policy Loan of PhP 300.

So, that’s it my net pay is PhP 14,482.52. Enough to pay for my rent, electricity bills, food and some savings.

About Faust Principe

Faust is the author and founder of GeekyFaust. You can follow him at facebook.com/geekyfaust don't forget to like and share!

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Comments

  1. SsYouTube says

    November 10, 2024 at 4:46 am

    This post was really insightful! I never realized how much detail goes into a teacher’s payroll slip. It’s fascinating to see the breakdown of deductions and benefits. Thanks for shedding light on this important aspect of public education!

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