How to calculate your thirteenth salary and where to invest

The first installment of thirteenth salary 2024 will have to be paid by companies by November 30th (Saturday). Workers with a formal contract must receive 50% of their gross salary, without discounts. This applies to those who did not opt ​​for the values ​​at the time they took their paid vacation.

The second installment must be deposited by December 20th — INSS and income tax discounts apply (see below).

Thirteenth salary calculator

If you don’t yet know the amount you will receive, use the calculator prepared by fintech Leve, which shows the thirteenth net worthafter discounts from INSS and Income Tax. Also check out simulations of the amount pocketed by those with a monthly income of R$2,000 (tab 2), R$4,000 (tab 3) and R$6,000 (tab 4). Just download the file:

See everything you need to know about the 13th third:

What is the thirteenth salary?

The thirteenth salary is also known as a Christmas bonus. Law 4,090, which established payment of the benefit, was approved in 1962 during João Goulart’s government.

However, the legislation did not immediately detail how payment should occur. The document only determined that in the month of December of each year a salary bonus of 1/12th of the remuneration should be paid by the employer.

In 1965, the law was then regulated by Decree 57,155/1965. It stated that payment should be made in two installments. The first equivalent to 50% of the amount to which the employee is entitled, until November 30th of each year, and the second, equivalent to the remaining 50%, until December 20th of each year.

How does thirteenth work?

The law determines that the thirteenth payment must be made in two installments. Companies have between February 1st and November 30th of the current year to pay the first amount.

Furthermore, the employee has the right to receive the amount of the first part along with the amount they will pocket during vacation, but the benefit must be requested during the month of January.

Who is entitled to the thirteenth?

Employees in general, public servants, formal domestic employees, Social Security beneficiaries and retirees and pension beneficiaries. The amount is equivalent to one month’s net salary and corresponds to the period of months worked.

Furthermore, the employee must have worked 15 days or more during the month to access the benefit for the period. If an employee is fired, for example, on September 14th, he will not have access to the thirteenth corresponding to this month, for example.

First installment of the thirteenth

Companies have between February 1st and November 30th of the current year to pay the first installment of the benefit. No discounts are applicable to this amount as it is considered an advance.

Second installment of the thirteenth

The second installment must be paid by the 20th of December, considered the Christmas month. In this case, there is a discount on INSS and Income Tax. Furthermore, the value of the thirteenth with the respective deductions must be presented in a separate income report and cannot be mixed with the monthly salary payment.

How to calculate the thirteenth?

First, it is necessary to identify the INSS contribution amounts and Income Taxwhich vary depending on monthly income. See below:

INSS progressive discount table

INSS payment varies depending on the salary range. The rate ranges from 7.5%, for those receiving up to R$1,100, and 14% for amounts between R$3,305.23 and R$6,433.57:

Source: INSS

Income Tax Discount

Source: Federal Revenue

I didn’t receive the thirteenth. What to do?

The employee who did not receive payment within the stipulated period must sue the labor court or the category union, which may file a joint action on behalf of other employees who also failed to receive the benefit.