DepEd: TRAIN to boost teachers' income, allowances.
By Merlina Hernando-Malipot
The Department of Education (DepEd) on Friday said that the Tax Reform for Acceleration and Inclusion (TRAIN) law will benefit public school teachers who are set to receive bigger monthly paychecks and more allowances starting this year.
Education Secretary Leonor Briones said the TRAIN law is in line with her "commitment to continuously provide adequate compensation for the invaluable contribution of teachers to nation-building."
She noted that through the TRAIN, "educators are set to receive additional net take home pay and allowances beginning January 2018."
DepEd noted that a Teacher I (Salary Grade 11) with a starting basic salary of P19,620.00 used to take home P17,220.86 with Personnel Economic Relief Allowance (PERA) under the 2017 tax schedule.
With the TRAIN law implementation and the 3rd tranche of the Salary Standardization Law (SSL) of 2015 in effect, DepEd said that a Teacher I is expected to receive a gross basic salary of P20,179 and will have a net take home pay (NTHP) of P20,012.89 (with PERA)."
DepEd said that "this amounts to a total net increase of 16.21% or P2,792.03 per month."
Aside from increase in their take home pay, teachers' annual "chalk allowance" will also see an increase from P2,500 to P3,500.
This allowance is allotted for the purchase of chalks, erasers, and other classroom supplies and materials.
Meanwhile, DepEd said that there is also a P1,000 increase in the clothing allowance, from P5,000 to P6,000.
Earlier, Briones has expressed full support to the TRAIN since its "intended main beneficiaries of the expected net revenue gains from the comprehensive tax reform - infrastructure, education, health, and social protection - are critical sectors in facilitating sustained growth and development that is inclusive."
Briones noted that "the government will meet the additional expenditure requirements not by simply identifying new taxes, but by taking the opportunity to institute a comprehensive reform that will address revenue, equity, efficiency, and over-complexity of the tax system at the same time."
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|Date:||Jan 5, 2018|
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