13th Month Calculator
Calculate your 13th Month Bonus (Décimo) in Panama
Calculation Results
Total Earnings
in Period:
$0.00
Gross 13th
Month:
$0.00
Social Security
(7.25%):
$0.00
Net 13th Month to
Receive:
$0.00
How is the 13th Month Calculated?
The 13th Month (Décimo Tercer Mes) is a mandatory labor benefit in Panama consisting of an additional month's salary per year, paid in three installments.
1. Select Installment
Choose if you are calculating the April, August, or December payment.
2. Enter Earnings
Input your earnings for the 4 months corresponding to the installment.
3. Deductions
A 7.25% Social Security deduction is applied to the gross amount.
Frequently Asked Questions
When is the 13th month paid?
It is paid in three installments: April
15th, August 15th, and December 15th.
Who is entitled to the 13th month?
All employees in both public and
private sectors are entitled to this benefit.
What earnings are included?
It includes base salary, overtime,
commissions, and any other payment considered as salary.