QuestionsQuestions (CSC MEMORANDUM CIRCULAR NO. 31)
Government officials and employees in the career or non-career service, whether permanent, temporary, provisional, or casual, may be allowed to monetize a maximum of ten (10) days leave credits.
A maximum of ten (10) days leave credits.
In the prescribed leave form, CSC Form No. 6 (revised 1984).
No inclusive dates shall be indicated in item No. 6 (c). Instead, the number of days applied for should be indicated.
The Head of the office concerned.
Monthly Salary ÷ 22 × 10 days = Money value of the monetized leave.
The divisor of 22 is used as the average working days per month.
PHP 10,000 ÷ 22 × 10 = PHP 4,545.45 (as shown in the example in the circular).
No. Monetization of leave credits shall be exempted from income tax.
Joint CSC-DBM Memorandum Circular No. 1, s. 1991.
Yes. It has sections on the application requirements (forms and approval) and the computation of the money value of monetized leave credits.
No. It covers permanent, temporary, provisional, and casual personnel, subject to the maximum of ten (10) days.
No. The circular instructs that no inclusive dates shall be indicated in item No. 6 (c); only the number of days applied for should be indicated.
It is the monetary amount equivalent to the monetized leave days, computed from the employee’s monthly salary using the circular’s formula with 22 as the divisor.
No. The circular provides for a maximum of ten (10) days leave credits only.
Because monetization applications must be approved by the Head of the office concerned, ensuring conformity with agency rules and eligibility limits.