View Full Version : Witholding Tax: How to compute?


Pages : 1 2 [3]

rccutia
07-25-2008, 07:44 PM
Tama c Jackbng, kung wala kang employer at kumikita ka galing sa sarili mong diskarte, self employed tawag dun kahit na ahente ka ng Real Estate, Insurance, etc. Well kung may paggagamitan ka ng ITR kailangan nga mag file ka ng mga Govt. requirements which was mentioned by Jackbrng.

jencloud26
07-28-2008, 09:55 AM
hi mr. rey cutia, follow up question q lng po regarding s taxable allowances s new tax law. my ngsabi po kc skin allowances dat exceed 50,000 a year is taxable, is it true? pde m po b compute ang withholding tax nito using monthly table? tnx a lot...

base pay - 10,000/month
allowances - 12,000/month

jencloud26
07-28-2008, 10:55 AM
hi mr. rey cutia, follow up question q lng po regarding s taxable allowances s new tax law. my ngsabi po kc skin allowances dat exceed 50,000 a year is taxable, is it true? pde m po b compute ang withholding tax nito using monthly table? tnx a lot...

base pay - 10,000/month
allowances - 10,000/month
position fee - 4,000/month

rccutia
07-29-2008, 11:04 PM
Jencloud, Hi.. All allowances is subject to income tax. Other benefits is exempted to tax up to 30,000 yung excess taxable na. Now, based on the draft regulation of BIR re: RA 9504, Minimum wage earners are not subject to withholding tax and income tax including basic pay, hazard pay, OT and night differentials. Except Incentive pay and other allowances such as transportation allowances etc. Hintayin na lang muna natin yung bagong RR na ilalabas ng BIR, wala pa ko balita kung na release na then saka natin compute monthly w/tax mo.

jollymcmuffin
08-09-2008, 03:21 PM
hindi ko nagets yung nasa word attachment.. tsaka pano mo malalaman anong % ka..

riselle06
08-19-2008, 12:54 AM
hi!
i found this site on my google searches, this is an interesting thread.
I have received my BIR form 2316 but there is no TIN under my personal data. This is my 1st job and I've been working for this company for 2yrs. I've already applied for a TIN recently by the HR but what happened to the taxes I've been paying for the last 2 years?????

rccutia
08-19-2008, 10:29 PM
riselle06, As long as the HR issued you the 2316 and signed by them its a valid evidence that you have been paying your taxes, so nothing to worry about that. Just ask the HR whats your TIN no.

macdonald88
08-23-2008, 09:49 AM
Hello. i need help in checking out if yung computation for my tax for 2008 is correct. See, nag resign ako sa last company ko June 2008 and just got my 2316 for 2008. Last night na napansin ko lang while reading my 2316 for 2007 and 2008. pareho lang silang tig-6 months right pero mas mababa yung this year e samantalang nag salary increase ako nung April. Na weirdohan lang ako and i need help because i dont know much about accounting, but i'm interested to learn.

original basic salary: 23,750.00 increased to 25,136.00 (effective April '08)
benefits: SSS, Pag-Ibig, PhilHealth
the company doesnt give tax shield because they dont want to

I just find it strange that the figures for 2008 were lesser than 2007 considering na may salary increase ako. tama ba to???

jackbrng
08-28-2008, 05:58 PM
Hello. i need help in checking out if yung computation for my tax for 2008 is correct. See, nag resign ako sa last company ko June 2008 and just got my 2316 for 2008. Last night na napansin ko lang while reading my 2316 for 2007 and 2008. pareho lang silang tig-6 months right pero mas mababa yung this year e samantalang nag salary increase ako nung April. Na weirdohan lang ako and i need help because i dont know much about accounting, but i'm interested to learn.

original basic salary: 23,750.00 increased to 25,136.00 (effective April '08)
benefits: SSS, Pag-Ibig, PhilHealth
the company doesnt give tax shield because they dont want to

I just find it strange that the figures for 2008 were lesser than 2007 considering na may salary increase ako. tama ba to???

mahirap sagutin itong tanong mo kasi kulang sa detalye. Post mo yung total gross income mo nung 2007 pati yung total SSS, Pagibig, Philhealth deductions mo nung 2007. Then, post mo rin yung total gross income mo nang 2008 saka total SSS, Pagibig, Philhealth deductions mo nang 2008. Wag ding kalimutan kung ano estado mo, kung single, Head of the Family o Married. Kung Head of the Family ka o Married, pakisabi na rin kung ilan ang dependent mo. Sa ganito, malalaman natin kung tama nga ba yan. :cool:

challenger728
09-03-2008, 08:34 AM
Hi! This is my first post here and I hope somebody can help me out.

For the first part of the year I was on a contract for PLDT. My agency only deducted 2% withholding tax from my pay. In the middle of June, I transferred to another company but this time as a regular employee, with the regular withholding tax of around 32% of gross income.

When I compute for the 2008 income tax, will my income earned as a contractual employee be subject to the 32% tax or to the contractor's tax of 2%.

Hope you can help me out on this. Thanks in advance :cool:

jackbrng
09-03-2008, 10:13 AM
Hi! This is my first post here and I hope somebody can help me out.

For the first part of the year I was on a contract for PLDT. My agency only deducted 2% withholding tax from my pay. In the middle of June, I transferred to another company but this time as a regular employee, with the regular withholding tax of around 32% of gross income.

When I compute for the 2008 income tax, will my income earned as a contractual employee be subject to the 32% tax or to the contractor's tax of 2%.

Hope you can help me out on this. Thanks in advance :cool:

Withholding taxes are just Advance Tax Payment. This is creditable to your Annual Tax Due. Computation of your Annual Income Tax Due will be based on Annual Individual Tax Table, which is yung sinasabi mo na 32%, pero may bracket ito, depende sa taxable income mo ang magiging Income tax Rate mo at yung rate of withholding tax na nagamit sa yo sa loob ng isang taon, wala ng kinalaman sa computation ng Annual Income Tax mo kasi lahat ng nakaltas sa iyo, ibabawas sa Annual Income Tax Due mo. On April 15, next year, you will be using BIR Form No. 1701 for your Income Tax Return because you had two source of Income, Income as Self Employed and as Employee.

challenger728
09-03-2008, 10:49 AM
Withholding taxes are just Advance Tax Payment. This is creditable to your Annual Tax Due. Computation of your Annual Income Tax Due will be based on Annual Individual Tax Table, which is yung sinasabi mo na 32%, pero may bracket ito, depende sa taxable income mo ang magiging Income tax Rate mo at yung rate of withholding tax na nagamit sa yo sa loob ng isang taon, wala ng kinalaman sa computation ng Annual Income Tax mo kasi lahat ng nakaltas sa iyo, ibabawas sa Annual Income Tax Due mo. On April 15, next year, you will be using BIR Form No. 1701 for your Income Tax Return because you had two source of Income, Income as Self Employed and as Employee.

Thanks for the reply. My next question is: tama ba yung na-deduct na 2% na contractor's tax nung agency ko o kulang pa? I'm trying to determine kung magkano dapat ang contractor's tax para malaman ko kung magkano rin ang kulang kong tax.

Thanks

jackbrng
09-03-2008, 10:53 AM
Thanks for the reply. My next question is: tama ba yung na-deduct na 2% na contractor's tax nung agency ko o kulang pa? I'm trying to determine kung magkano dapat ang contractor's tax para malaman ko kung magkano rin ang kulang kong tax.

Thanks

Tama lang yon rate na 2%.

khai1620
09-06-2008, 01:38 PM
hi...just wanna ask f up to now we are still using the 2003 withholding tax table?coz i have to now where can i base my computation of monthly withholding tax....please help me....tnx

kurodatph
09-07-2008, 03:29 PM
Data:

Monthly Salary: P30,000
Status: Single
Salary payment: twice a month

based on our sample info we compute your tax this way:

Salary every payday: P15,000

you can see you salary bracket on the number 3 on the table(semi-monthly).
since you are single, you go to 3A.2(table for employees without dependent children), which you can see the letter S. then you will see some numbers there.




Hey Japs! and peeps! =)

I have a question. Base from your example:



Semi - Monthly

Semi monthly salary:

15,000.00

Tax base

11,250.00

In excess of tax base

3,750.00

Tax rate

30%

Tax due in excess of the tax base

1,125.00

Minimum tax due(a)

2,083.30

Withholding tax/pay day

3,208.30

No. of payment

2

Monthly withholding tax

6,416.60




(a)exemption row of the table 3A.2

How did you get the Tax Base bro???

I think it has something to do with the 15,000 salary. Right?

Hindi ko makita yung 15,000 sa pdf eh?

Salamat!

digiowens
09-10-2008, 02:01 PM
This is a very great topic....... Till now I am really surprised how Airline companies compute their fare taxes..... You see PAL, Cebu Pacific and other airlines usually have this zero or 1 peso fare. But their taxes is really absurd. The tax is much bigger than the actual value where they should be computing or basing the tax. Hahaha. Anybody have an idea?:wah:

jackbrng
09-11-2008, 03:38 PM
This is a very great topic....... Till now I am really surprised how Airline companies compute their fare taxes..... You see PAL, Cebu Pacific and other airlines usually have this zero or 1 peso fare. But their taxes is really absurd. The tax is much bigger than the actual value where they should be computing or basing the tax. Hahaha. Anybody have an idea?:wah:

do you think all the revenue that airline companies you had stated came from their promos (zero or 1 peso fare)? Yes, you are correct that tax should be based from their sales or revenue but it is incorrect to called it absurd when you had no basis at all of their tax base.

Of course, it is absurd if you compare their tax from their promo sales, laki ng tax, liit ng benta, but if you include their regular sales which, imho, is still the bulk of their revenue, is it still absurd?

do you think these companies still exist if they paid bigger tax compare to their revenues?

ivorychristine
09-11-2008, 05:29 PM
Has anyone here has a copy of the revised implementing guideline of RA9504? Thanks. :)

Hi jackbrng! :)

jackbrng
09-12-2008, 12:01 AM
hi ivorychristine! kumusta ka na?

wala pang IRR, pero sundan mo na lang yung RA9504 regarding sa withholding tax table kasi ang issue na lang naman dyan yung period covered ng exemption sa income tax, kung mula January ba o nung July lang. Kung December, wala pa ring IRR, problema nga yan sa Year End Adjustment.

ivorychristine
09-12-2008, 12:25 PM
e2 buhay pa ako. ikaw musta na?

Ahhh... meron na din bang bagong tax table? meron ako nakuha ung revised transitory tax table. Un na ba un?

wendypeterpan
09-12-2008, 02:26 PM
Hi, tanong ko lang isa kasi ako sa payroll officer samin. sa dati ko na work walang part ng sahod namin yung may tax shield. Sa pinapasukan namin may part ng nakukuha namin or salary namin na may tax shield ( not subject to tax) tulad ng food and medical allowances from pur company.

Are those allowances really exempted.


Thank you :-/

jackbrng
09-12-2008, 06:46 PM
e2 buhay pa ako. ikaw musta na?

Ahhh... meron na din bang bagong tax table? meron ako nakuha ung revised transitory tax table. Un na ba un?

ok lang me ivorychristine

yung nakuha mo ata galing din sa draft ng BIR. Yun na ang ginagamit na tax table ngayon. pero take note, exempted sa income tax ang mga STATUTORY MINIMUM WAGE EARNER or P10,000.00 per month whichever is higher.

jackbrng
09-12-2008, 10:19 PM
Hi, tanong ko lang isa kasi ako sa payroll officer samin. sa dati ko na work walang part ng sahod namin yung may tax shield. Sa pinapasukan namin may part ng nakukuha namin or salary namin na may tax shield ( not subject to tax) tulad ng food and medical allowances from pur company.

Are those allowances really exempted.


Thank you :-/

generalize yung description mo ng food at medical allowances, pero, bigay ko sa yo yung provisions ng BIR Revenue Regulation No. 8-00 for food and medical allowances na hindi taxable.

Medical Allowances
1. Actual Yearly Medical Benefits not exceeding P10,000 per annum.
2. Medical Cash Allowance to dependents of employees not exceeding P750 per employee per semester or P125 per month.

Food Allowances:
1. Rice subsidy of P1,500.00 or one (1) sack of 50 kg. rice per month
amounting to not more than P1,500.00 (amended by BIR Revenue Regulation No. 05-2008.
2. Daily Meal Allowance for Overtime Work not exceeding twenty five percent (25%) of the basic Minimum Wage.

If you are referring to your food allowance na meal allowance given to an employee, maari itong maging exempted kung ang employee ay nasa field work at required syang magpa-reimburse ng mga expenses nya sa labas. Ngunit, kung ang work ng employee ay sa office lang naman, hindi exempted sa tax ang meal allowance nya.

wendypeterpan
09-13-2008, 02:32 PM
generalize yung description mo ng food at medical allowances, pero, bigay ko sa yo yung provisions ng BIR Revenue Regulation No. 8-00 for food and medical allowances na hindi taxable.

Medical Allowances
1. Actual Yearly Medical Benefits not exceeding P10,000 per annum.
2. Medical Cash Allowance to dependents of employees not exceeding P750 per employee per semester or P125 per month.

Food Allowances:
1. Rice subsidy of P1,500.00 or one (1) sack of 50 kg. rice per month
amounting to not more than P1,500.00 (amended by BIR Revenue Regulation No. 05-2008.
2. Daily Meal Allowance for Overtime Work not exceeding twenty five percent (25%) of the basic Minimum Wage.

If you are referring to your food allowance na meal allowance given to an employee, maari itong maging exempted kung ang employee ay nasa field work at required syang magpa-reimburse ng mga expenses nya sa labas. Ngunit, kung ang work ng employee ay sa office lang naman, hindi exempted sa tax ang meal allowance nya.



Okey. Thank u naintindihan ko na

ivorychristine
09-15-2008, 11:36 AM
ok lang me ivorychristine

yung nakuha mo ata galing din sa draft ng BIR. Yun na ang ginagamit na tax table ngayon. pero take note, exempted sa income tax ang mga STATUTORY MINIMUM WAGE EARNER or P10,000.00 per month whichever is higher.

Ok, so tama na ung nakuha kong tax table. :cool: Hmmm... medyo na confused ako sa friend ko ung tax annualization. Panu ba i compute un base sa bagong exemption. Sabi nya 3 ang dependents nya at ang matitira lang daw sa sahod nya every month is 14,750 deducted na ung government benefits.

Salamat po ulit.

jackbrng
09-15-2008, 01:02 PM
Ok, so tama na ung nakuha kong tax table. :cool: Hmmm... medyo na confused ako sa friend ko ung tax annualization. Panu ba i compute un base sa bagong exemption. Sabi nya 3 ang dependents nya at ang matitira lang daw sa sahod nya every month is 14,750 deducted na ung government benefits.

Salamat po ulit.

kung 14,750 sya at with 3 dependents, monthly withholding tax nya ay P1,449.93

Base sa drart ng BIR, (take note: DRAFT), dalawang beses ang computation ng Tax Annualization, first ay yung from Jan to July 5 and second ay yung July 6 to December. Kung doon sa first annualize computation (Jan to June) ay may tax refund, dapat i-bawas ito sa withholding tax sa subsequent months hanggang makumpleto, at kung may tax due dapat ay idagdag din sa withholding tax ng subsequent months. Ang computation ng exemption sa annualize method for this year 2008 ay i-factor ng 6/12 or kalahati lang. Lets say, Married with 3 dependents ang friend mo kamo, so P56,000.00 ang exemption nya sa old rule at P125,000.00 naman sa new rule. From Jan-June, ang exemption nay lang ay 28,000.00 (P56,000.00 x 6/12) at P62,500.00 (P125,000.00 x 6/12) naman ang exemption from July-Dec.

Since draft lang ito, hindi pa dapat ito susundin o i-implement. Safe lang gamitin sa draft ay yung withholding tax table na bago dahil hindi na ito magbabago dahil nakabase na ito sa bagong exemption. Ang maari lang magbago ay yung pag-apportion ng exemption. Kung ma-ruled out yung sa draft at whole year na yung coverage ng RA 9504 (imho, dapat lang talaga), hindi na kailangan mag-apportion ng exemption (yung 6/12) pero kung mafinalize yung draft na as-is, kailangan gawin kung ano nakasaad sa final guidelines.

ivorychristine
09-15-2008, 01:23 PM
kung 14,750 sya at with 3 dependents, monthly withholding tax nya ay P824.93.

Base sa drart ng BIR, (take note: DRAFT), dalawang beses ang computation ng Tax Annualization, first ay yung from Jan to July 5 and second ay yung July 6 to December. Kung doon sa first annualize computation (Jan to June) ay may tax refund, dapat i-bawas ito sa withholding tax sa subsequent months hanggang makumpleto, at kung may tax due dapat ay idagdag din sa withholding tax ng subsequent months. Ang computation ng exemption sa annualize method for this year 2008 ay i-factor ng 6/12 or kalahati lang. Lets say, Married with 3 dependents ang friend mo kamo, so P56,000.00 ang exemption nya sa old rule at P125,000.00 naman sa new rule. From Jan-June, ang exemption nay lang ay 28,000.00 (P56,000.00 x 6/12) at P62,500.00 (P125,000.00 x 6/12) naman ang exemption from July-Dec.

Since draft lang ito, hindi pa dapat ito susundin o i-implement. Safe lang gamitin sa draft ay yung withholding tax table na bago dahil hindi na ito magbabago dahil nakabase na ito sa bagong exemption. Ang maari lang magbago ay yung pag-apportion ng exemption. Kung ma-ruled out yung sa draft at whole year na yung coverage ng RA 9504 (imho, dapat lang talaga), hindi na kailangan mag-apportion ng exemption (yung 6/12) pero kung mafinalize yung draft na as-is, kailangan gawin kung ano nakasaad sa final guidelines.

Wow... na gets ko na din ung sinasabi nyang times 6 divided by 12... hahaha...Last na question na... hahahaha kulit ko ba? :dead: hehehe sencya na... panu mo nacompute ung monthly witholding tax nya 824.93? kasi ang compute ko 1,449 ang monthly tax nya.

baka kasi may mali na naman sa naiendorse sa akin na computation. Thanks Thanks so much..... dami ko na utang sayu! hahahahahaha

jackbrng
09-15-2008, 01:44 PM
Wow... na gets ko na din ung sinasabi nyang times 6 divided by 12... hahaha...Last na question na... hahahaha kulit ko ba? :dead: hehehe sencya na... panu mo nacompute ung monthly witholding tax nya 824.93? kasi ang compute ko 1,449 ang monthly tax nya.

baka kasi may mali na naman sa naiendorse sa akin na computation. Thanks Thanks so much..... dami ko na utang sayu! hahahahahaha

ay mali pala, P1,449.93 lang pala monthly withholding tax nya (na-edit ko na yung previous post ko). Na-i-base ko sya kanina sa 2 dependents, 3 dependents pala sya (edit uli, nakabase ako sa lumang draft, nakita ko yung proposed RR nila, iba na yung table). sorry. ito yung computation.

Taxable compensation:----------------------P14,750.00
Compensation Level (for married w/ 3 dep.)----11,042.00
Excess ---------------------------------------3,708.00

Tax on P11,042.00------------------------------708.33
Tax on excess (3,708.00 x 20%)-----------------741.60
Monthly Withholding tax--------------------1,449.93

base on new withholding tax table.

ivorychristine
09-15-2008, 01:58 PM
ay mali pala, P483.28 lang pala monthly withholding tax nya (na-edit ko na yung previous post ko). Na-i-base ko sya kanina sa 2 dependents, 3 dependents pala sya. sorry. ito yung computation.

Taxable compensation:----------------------P14,750.00
Compensation Level (for married w/ 3 dep.)----12,917.00
Excess ---------------------------------------1,833.00

Tax on P12,917.00------------------------------208.33
Tax on excess (1,833.00 x 15%)-----------------274.95
Monthly Withholding tax----------------------483.28

base on new withholding tax table.

Waaaahhhh!!! saan mo nakuha ung compensation level na 12,917?? ung nasa table ko under ME3 ng 208.33+15% compensation level is 7,708. huhuhuhu... im lost..

jackbrng
09-15-2008, 02:29 PM
Waaaahhhh!!! saan mo nakuha ung compensation level na 12,917?? ung nasa table ko under ME3 ng 208.33+15% compensation level is 7,708. huhuhuhu... im lost..

mali uli! hehehe, nakita ko yung proposed Revenue Regulation nila, iba na yung table sa kopya ko nung draft. na-edit ko na yung previous posts ko, sorry :disappointed:

ivorychristine
09-15-2008, 03:11 PM
Sure na ba yan??? :D hehehehe... so tama ang computation k?? hehehe hmmm parang walang nabago sa monthly withholding deduction using the old table sa new table. Pasaway!

jackbrng
09-15-2008, 03:16 PM
tama rin pala yung naibigay ko na solusyon sa itaas kanina na nag-resulta ng P483.28 monthly withholding tax, pero sa year 2009 pa ito effective, per propose Revenue Regulation ng BIR. Yung hawak mo ngayon na transitory withholding tax table ay hanggang december, 2008 lang. Magkakaroon uli ng bagong Withholding tax table starting Jan., 2009. Yung computation sa itaas ay nakabase sa Transitory Withholding Tax Table.

ivorychristine
09-15-2008, 04:08 PM
ok ok... so mararamdaman lang talaga ung tax na binaba sa tax refund pa? right? :) thanks to you, akala ko nagkamali ako ng computation kaya nag doubt ako sa table na hawak ko.

jackbrng
09-15-2008, 04:30 PM
nag-simulate ako ng computation ng withholding tax, tax due at tax refund for year 2008 using the data of ivorychristine which is P14,750.00 monthly taxable income and status was Married with 3 dependents. Purpose of this to determine the tax refund due for this year using the Transitory Withholding Tax Table and Revised Withholding Tax Table effective Jan., 2009.

click link to view the computation:
http://rapidshare.com/files/145415034/Document1.pdf.html

heres the link of BIR proposed Revenue Regulation for RA9504
ftp://ftp.bir.gov.ph/webadmin1/pdf/final_rr_on_ra_9504_8_22.pdf
ftp://ftp.bir.gov.ph/webadmin1/pdf/annex_a.pdf
ftp://ftp.bir.gov.ph/webadmin1/pdf/annexes_b_npwc.pdf
ftp://ftp.bir.gov.ph/webadmin1/pdf/annex_c_and_d_(ra_9504)_1.pdf (ftp://ftp.bir.gov.ph/webadmin1/pdf/annex_c_and_d_%28ra_9504%29_1.pdf)
ftp://ftp.bir.gov.ph/webadmin1/pdf/annex_e_cert_of_gross_income.pdf


as you would notice, using Transitory Withholding Tax table will create a bigger Withholding tax due to lower Contribution Level. But lowering the Contribution Level results to higher Withholding Tax because Taxable Income will move to next bracket, and higher Withholding Tax will results to higher Tax Refund.

IMHO, the Revised Withholding Tax Table that will take effect on January, 2009 was more realistic than the Transitory Withholding Tax Table because the results was closer to tax due, means, a lower tax refund

ivorychristine
09-17-2008, 10:33 AM
Thanks so much... gumawa ka pa talaga ng table. :)

bahagngmangyan
09-25-2008, 11:34 AM
mga pre, sinong may 2008 income tax table? naglabas na ba ang BIR?

jackbrng
09-25-2008, 07:47 PM
nag-pa-publish na ang BIR ng Revenue Regulation para sa RA 9504. Check Philippine Star September 25, 2008.

mayj
09-29-2008, 12:07 PM
hi im new here.. found this site from the web. kasi nghahanap ako ng matatanongan tungkol sa status ko ngayon.

dati akong contractual artist sa isang studio. Before ako mgstart sa kanila as an artist hiningi sakin yung TIN ko for tax. As expected, nung makita ko yung pay slip ko andun yung tax na binawas sa salary ko every pay day..

after 8 months dun, lumipat ako sa isang regular job .
Ngayon hinihingian ako sa bago kong office ng ITR or Certificate of Tax Withheld from previous employer.

Now, when I contacted my previous employer, hindi daw sigurado kung meron sila nun.

Eto tanong ko,

Tama ba na wala sila nun? San ko pwede hingin yun? Meron ba dapat ako nun sa previous employer ko, since binabawasn nman nila ako ng tax based sa pay slip na nakikita ko every month?

thanks in andvance sa sagot :)

jackbrng
09-29-2008, 01:26 PM
hi im new here.. found this site from the web. kasi nghahanap ako ng matatanongan tungkol sa status ko ngayon.

dati akong contractual artist sa isang studio. Before ako mgstart sa kanila as an artist hiningi sakin yung TIN ko for tax. As expected, nung makita ko yung pay slip ko andun yung tax na binawas sa salary ko every pay day..

after 8 months dun, lumipat ako sa isang regular job .
Ngayon hinihingian ako sa bago kong office ng ITR or Certificate of Tax Withheld from previous employer.

Now, when I contacted my previous employer, hindi daw sigurado kung meron sila nun.

Eto tanong ko,

Tama ba na wala sila nun? San ko pwede hingin yun? Meron ba dapat ako nun sa previous employer ko, since binabawasn nman nila ako ng tax based sa pay slip na nakikita ko every month?

thanks in andvance sa sagot :)

Yung hinihingi ng current employer mo ay yung BIR Form No. 2316 from your previous employer. Kailangan kasi nila yon para ma-consolidate yung income mo for the whole year, from previous employer plus the current employer.

Hindi pu-pwedeng wala yung previous employer mo ng BIR Form No. 2316. Katibayan kasi yun ng iyong income mula sa kanila at withholding tax na nakaltas sa iyo then kung na-i-remit nila ito sa BIR. Makipagusap ka sa Accounting Dept. ninyo. Imposibleng hindi nila alam ito. Kung sa kabila ng iyong pakiusap, wala pa rin o hindi ka pa rin mabigyan ng employer mo ng BIR Form No. 2316, pumunta ka sa BIR na nakakasakop sa luma mong employer at i-reklamo mo na hindi ka o ayaw kang bigyan ng BIR Form No. 2316, bahala na ang BIR kumilos laban sa kanila.

mayj
09-29-2008, 02:00 PM
maraming salamat jackbearing :)

abby
09-30-2008, 02:13 PM
Hi po im newby here ask lng po how to compute a tax na monthly???

abby
09-30-2008, 02:17 PM
cno po ba nkakaalam ng computation ng tax for example 5k a month lng thanks.. start form july to dec.

abby
09-30-2008, 03:13 PM
help nman po plzzz, i dont know how 2 use this table.. may tax paba ang 5k lng ang monthly??

Japs23nuts
09-30-2008, 06:54 PM
hi abby, it seems that you are below minimum wage and based on the new law, you are exempted from withholding tax and from income tax from july to december income:)

ms. izh
09-30-2008, 09:46 PM
Hi guys...
Is it possible for a company to deduct tax from your salary even if you don't have a tin? I've been working in this company for 1yr. and 5 months already only to discover that I don't have a tin and they blamed me for being ignorant...I'm really confused pls enlighten me...:confused:

jackbrng
10-02-2008, 10:00 AM
Hi guys...
Is it possible for a company to deduct tax from your salary even if you don't have a tin? I've been working in this company for 1yr. and 5 months already only to discover that I don't have a tin and they blamed me for being ignorant...I'm really confused pls enlighten me...:confused:

obligation ng company mo na i-withheld ka ng tax sa salary mo bilang isang withholding agent at obligation mo naman na kumuha ng TIN dahil income earner ka na. Ok lang na kaltasan ka ng company mo kahit wala ka pang TIN dahil hindi nila kasalanan kung wala kang TIN. Kumuha ka na lang ng TIN sa BIR na malapit sa residence mo, madali lang naman yun. Hingi ka na lang sa employer mo ng 2316 na katibayan na na-iremit at na-i-report mga withholding taxes mo.

maemae
10-02-2008, 02:53 PM
hello.. i agree na dapat kang pumunta sa nearest bir office. pero pwede rin naman ang employer ang mag-apply para sa iyo kung wala ka pang tin, mag-fill-up ka lang ng bir form 1902 na ibibigay sa iyo ng employer at pwedeng sila na rin ang mag-forward nito.

maemae
10-02-2008, 03:00 PM
hello.. i agree na dapat kang pumunta sa nearest bir office. pero pwede rin naman ang employer ang mag-apply para sa iyo kung wala ka pang tin, mag-fill-up ka lang ng bir form 1902 na ibibigay sa iyo ng employer at pwedeng sila na rin ang mag-forward nito.

china27
10-17-2008, 10:43 AM
Hi everyone! just new here may question lang po.

if the basic salary is 30k magakano dapat ang annual SSS, pagibig na nasa bir form (2316 form). para kasing mali yung nasa 2316 form ko eh

jackbrng
10-17-2008, 11:32 AM
@china......

SSS mo ay P500/month x 12 = P6,000.00
PHIC mo ay P375/month x 12 = P4,500.00
Pagibig mo ay P600.00/month x 12 = P7,200.00
Total ay P17,700.00, annual na ito.

china27
10-19-2008, 06:06 PM
another question po.
using yung bir monthly table

salary n 39000 ang monthly tax is 9116.60, so to get yung annual x 12 po ba? and na less n po ba dun yung 20,000 exemption for sigle status?

Thanks ulit!
:)

terry09
11-04-2008, 10:42 AM
please help me.... i want to know how to compute my withholding tax also same goes with my philhealth, sss and pag-ibig. pls teach me how guys...
also i'm thinking of these for several months now... i'm working right now but until now i haven't applied to get a tax identification number, it's been 6mos now... will i be having a problem that my company will accumulate all the taxes that were supposed to be deducted and just deduct it all in one deduction?
pls pls help...

terry09
11-04-2008, 10:47 AM
halimbawa tulad ko 8k lang nakukuha ko every month... how will you compute my withholding tax, sss, pag-ibig, philhealth?

salamat po...:disappointed:

berl
11-04-2008, 12:28 PM
hi mr rey cutia, 383.75 pesos po ang per day ko sa isang encoding company. QA assistant po ako dun. TAnong ko po ay bakit parang ang laki laki ng tax ko(naming lahat pala na contractual na may dagdag lang ng 1.50 sa 382 na min wage.)

ang sabi po kasi nung humiling kami ng meeting with the HR e dahil daw yun sa bagong implementation. Yun nga yung tungkol sa bagong tax table. May mga buwan po kasi na di kami kinaltasan ng tax dahil may pondo pa daw kami dahil sa ginawang pagbabago. pag dating po ng oct15, hayun. Naguluhan kaming lahat sa pagkakita ng mga tax namin. nung oct 15 po may OT pay po ako na 1500 at ang tax na ko nun ay 1600. Karamihan po sa amin talaga nag-ot lang para sa tax na yan at may kaltas pa sa basic pay. sa case ko bukod sa nakuha lahat ng ot pay e may plus 100 pa na nakuha para lang sa tax. oct 15 pa lang yan. nitong oct30, may ot pay ako na umabot sa 2900 at ang tax ko ay 1800.

mandatory o.t. kami kaya dahil contractual, talagang lalaki ang ot namin. pero ok lang sana kung nagpapakapagod ka tapos sulit ang pagod ng sweldo.
Yung mga contractual na ang sahod ay 382 a day, na-enjy nila kasi wala silang tax. nung oct15 marami sa kanila naglalaro lang sa 8500-10k ang sinahod. Yun nga po palang dahilan kung bakit iba ang per day namin sa iba pang contractual sa kumpanyang iyon ay dahil daw sa "SALARY DISTORTION" (term ng HR ewan kung may ganyan talagang term related sa pag-compute ng salary). Kasi po na-promote ako from encoder to QA. pero di pa rin regular kahit na malapit na ko mag 2 years (malapit na ko mag-resign). so nung wala pang 20 increase, ang tinaas lang ng sahod naming napunta sa Dept. na yun e 6-7 pesos lang ata.

Dahil daw above minimum kami(?) nung time na yun, di kami kasali sa 20pesos increase. Instead mayron nga silang pinakitang formula na ang tawag ay salary distortion. hahanapin ko yung kopya ko post ko dito sa susunod.

kasali po ba talaga kami sa mga may tax? kasi kung sa 13days, 4988.75 lang naman e tapos kung monthly, below 10k pa rin.

tama ba talaga yung ginagawa ng HR namin (at accountants na rin)?

berl
11-04-2008, 12:48 PM
single po ako. nag-try ako sa wraithstriderCAlc at di parehas ang sa payslip ko. Malaki ang diperensiya

OCTOBER 15

PAY DAY SUMMARY (Semi-Monthly)
Basic Pay :
Php 4,988.00
Overtime :
Php 1,559.00
Sub-Total :
Php 6,547.00

Absence, Tardiness & Undertime Deductions :
(Php 792.00)
Withholding Tax :
(Php 755.17)
Sub-Total :
(Php 1,547.17)







NET PAY :
Php 4,999.83


SA PAYSLIP KO:
W/H TAX = P 1606.92
NET PAY KO NA LANG AY : Php 4100 NA LANG :angry:


ayun sa year-to-date summaries na andun din sa payslip:

ytd w/h tax : 9308.94
ytd taxable income: 120,436.39

sa september 30 payslip: ang tax ko ay php 607.89 lang

ytd w/h tax: 7702.02
ytd taxable income: 114,680.13

sa august 15 na payslip:

no tax pa kami nito

ytd w/h tax: 5862.88 (ganyan ang figure mula june30)

sa ngayon, po ba kasama pa rin kami sa dapat may tax ayon sa batas?

jackbrng
11-05-2008, 12:00 AM
hindi ka exempted sa tax dahil above minimum ka na dahil ang sahod mo ay 383.75 at ang minimum ay 382.00 lang.

may term talaga na SALARY DISTORTION (check mo dole website). ginagamit ito sa salary increase ng mga above minimum na dahil ang ipinalabas na wage increase nung huli na P20 pesos ay para sa minimum wage earner lang at para hindi naman lugi ang mga nasa above minimum, may increase din sila ngunit hindi na yung buong P20.00, bale porsyento na lang ng P20.00 ang increase nila at ang pagkwenta dito ay ang formula ng SALARY DISTORTION.

kulang pa yung nasa payslip mo ng deductions ng SSS, PHIC at Pagibig. Liliit pa yang withholding tax mo kung naisama ang mga nasabing deductions. ngunit base sa binigay mong numero, ang kwenta ko ng withholding tax mo ay P721.57 para sa payroll mo ng october 15. mas maliit sya ng P33.60 lamang.

BigDave
11-05-2008, 10:46 AM
my basic is P26,500 monthly, have COLA+MealAllowance+Transportation Allowance with an equivalent of P4600 monthly

this week is the release of our bonus. we receive a 13th month of May. i am zero knowledge in taxation, please clearme some things.

i should receive also P25.6k this coming bonus because i am below the max P30,000 and my bonus is exempted in the tax. is this correct?

sabi ng HR kasi de minimis ibig sabihn yung 13th month namin + christmas bonus this week exceed the 30,000 max so i should be taxed. is this correct po? please help naman kasi malaki ang maibabawas e, bonus na nga lang ita-tax pa.

please i need your reply.

thank you

jackbrng
11-05-2008, 11:16 AM
my basic is P26,500 monthly, have COLA+MealAllowance+Transportation Allowance with an equivalent of P4600 monthly

this week is the release of our bonus. we receive a 13th month of May. i am zero knowledge in taxation, please clearme some things.

i should receive also P25.6k this coming bonus because i am below the max P30,000 and my bonus is exempted in the tax. is this correct?

sabi ng HR kasi de minimis ibig sabihn yung 13th month namin + christmas bonus this week exceed the 30,000 max so i should be taxed. is this correct po? please help naman kasi malaki ang maibabawas e, bonus na nga lang ita-tax pa.

please i need your reply.

thank you

hindi de minimis benefits yang 13th month at bonus kung hindi ay 13th Month and Other Benefits provided by Sec. 32 (b)(7)(e) of the tax code. anyway, may sarili rin itong ceiling na tulad ng de minimis benefits na P30,000.00. kapag lumagpas na yung 13th month at bonus mo ng P30,000.00, yung excess ay taxable. Take note, yung excess lang ng P30,000.00 ang taxable at hindi yung buong amount ng 13th at bonus mo.

berl
11-05-2008, 11:39 AM
hindi ka exempted sa tax dahil above minimum ka na dahil ang sahod mo ay 383.75 at ang minimum ay 382.00 lang.

may term talaga na SALARY DISTORTION (check mo dole website). ginagamit ito sa salary increase ng mga above minimum na dahil ang ipinalabas na wage increase nung huli na P20 pesos ay para sa minimum wage earner lang at para hindi naman lugi ang mga nasa above minimum, may increase din sila ngunit hindi na yung buong P20.00, bale porsyento na lang ng P20.00 ang increase nila at ang pagkwenta dito ay ang formula ng SALARY DISTORTION.

kulang pa yung nasa payslip mo ng deductions ng SSS, PHIC at Pagibig. Liliit pa yang withholding tax mo kung naisama ang mga nasabing deductions. ngunit base sa binigay mong numero, ang kwenta ko ng withholding tax mo ay P721.57 para sa payroll mo ng october 15. mas maliit sya ng P33.60 lamang.thank you sir... yung SSS, PHIC at pagibig po kasi namin kinakaltas tuwing katapusan.

jackbrng
11-05-2008, 11:51 AM
ah ganun ba, dapat kasama pa rin ito sa computation ng withholding tax

BigDave
11-05-2008, 11:52 AM
hindi de minimis benefits yang 13th month at bonus kung hindi ay 13th Month and Other Benefits provided by Sec. 32 (b)(7)(e) of the tax code. anyway, may sarili rin itong ceiling na tulad ng de minimis benefits na P30,000.00. kapag lumagpas na yung 13th month at bonus mo ng P30,000.00, yung excess ay taxable. Take note, yung excess lang ng P30,000.00 ang taxable at hindi yung buong amount ng 13th at bonus mo.

thank you for the reply. are you saying sir na 13th + bonus hindi de minimis kundi 13th + other benefits?


kapag lumagpas na yung 13th month at bonus mo ng P30,000.00, yung excess ay taxable.
meaning po ba is 13th+bonus yung excess kunyari sa akin 25.6+25.6 = 51,000, ang taxable is yung 21,000? and ano po computation sa excess nito?

salamat po

berl
11-05-2008, 11:53 AM
ire-relate ko na lang para pasok pa rin ang tanong ko sa forum na to.

Dahil nga sa mataas ang OT namin, gusto namin babaan o ikontrol ito para naman kahit pano di kami tagtag sa kakatrabaho at malaking bahagi nito ay di naman mapapasama sa net pay.
Pero kapag may mandatory OT kami tulad ngayon til 9pm kami hanggang december daw to at mandatory din na pumasok ng sunday at kumpletuhin daw ang 8 hours... di namin makokontrol diba? kasi mandatory nga. pag naman nagsabi kami na pwede umuwi naman ng 4 or 6 o kahit 8pm na lang, ayaw nila. Marami sa min tumatakas. Last friday gusto nila kaming mag-extend ng 10pm. Ang ginawa ng mga oldies na regular, binulungan nila kami na aalis sila ng 8 at yung gustong sumunod, sumunod na kasi nga pagod na kami. Nagalit sila. Sa susunod daw dun na kami magpapaalm sa big boss e yung big boss di naman nagpapaabot ng 5pm dun. Umuuwi na.

lagi na lang kaming walang say kahit na alam naman nilang kaya kami nagpapaalm e dahil nga pagod na at wala na rin namang magagawa masyado sa oras ng extension ng mandatory ot na 8pm.

ang reklamo ko.

jackbrng
11-05-2008, 12:03 PM
thank you for the reply. are you saying sir na 13th + bonus hindi de minimis kundi 13th + other benefits?

meaning po ba is 13th+bonus yung excess kunyari sa akin 25.6+25.6 = 51,000, ang taxable is yung 21,000? and ano po computation sa excess nito?

salamat po

yup, hindi de minimis ang 13th month at bonus kung hindi 13th month and other benefits. may kanya-kanya silang ceiling ng de minimis benefits. 30k sa de minimis benefits at 30k sa 13th month and other benefits. so baka may de minimis benefits ka, magkaiba ang ceiling nito.

yung excess na 21,000 ay idadagdag sa taxable income mo which is yung basic pay mo + transpo + cola + meal allow. dito ibabase yung tax due mo.

berl
11-05-2008, 12:08 PM
ah ganun ba, dapat kasama pa rin ito sa computation ng withholding taxkaya naman pala di magkapareho yung lumabas sa calculator link na ginamit ko tsaka yung sa payslip. Ngayon lang ako nagkaron ng muwang sa payslip ko. dati kasi alam ko lang magestima(syempre alam ko naman yung no. of days worked at ilang beses ako nag-OT minus approx. ng mga dating kaltas na tax at SSS...etc). Ok naman. Kaso nga nitong mga nakaraang buwan nahihirapan kami sa taas ng buwis namin. Yung ibang kumpanya ok na sila.

BigDave
11-05-2008, 12:30 PM
yup, hindi de minimis ang 13th month at bonus kung hindi 13th month and other benefits. may kanya-kanya silang ceiling ng de minimis benefits. 30k sa de minimis benefits at 30k sa 13th month and other benefits. so baka may de minimis benefits ka, magkaiba ang ceiling nito.

yung excess na 21,000 ay idadagdag sa taxable income mo which is yung basic pay mo + transpo + cola + meal allow. dito ibabase yung tax due mo.

ganun po ba? kasi ang sabi ng acctg ganun e, 13th month noong May + Bonus this November yun daw ang basehan nila e... salamat po ng marami ico-confirm ko po ito... big help salamt Jack

terry09
11-05-2008, 02:10 PM
i have'nt got a reply on my questions guys... pls help me...

jackbrng
11-05-2008, 03:32 PM
please help me.... i want to know how to compute my withholding tax also same goes with my philhealth, sss and pag-ibig. pls teach me how guys...
also i'm thinking of these for several months now... i'm working right now but until now i haven't applied to get a tax identification number, it's been 6mos now... will i be having a problem that my company will accumulate all the taxes that were supposed to be deducted and just deduct it all in one deduction?
pls pls help...

anong period ng withholding tax ang gusto nyo malaman? nung period ba ng jan to june kung saan yung lumang batas pa yung effective o ngayong july to december kung saan may bagong batas na. yung sss at philhealth, may table ito at nakabase sa basic pay mo. yung pagibig ay 2% ng basic pay.

hindi tama na hindi ka kaltasan ng withholding tax ng iyong employer sa kadahilanang wala kang TIN. maari kang kaltasan ng withholding ngunit may kataasan ito dahil ang status mo ay Zero Exemption o yung letter Z sa withholding tax table. Obligasyong ng employer mo na kaltasan ka ng withholding tax bilang Withholding tax Agent dahil kung hindi ka nila kaltasan, hindi pupwedeng i-credit ang sahod mo as deductions sa income nila. Kung idadahilan naman nila na isang bayaran na lang ang incoem tax mo, masa-subject sila sa penalties dahil sa hindi pagkaltas at pagremit ng withholding tax sa sahod mo sa tamang panahon.

Mas laging pabor sa empleyado ang buwanang kaltas ng buwis kaysa sa isahang bayad pagdating ng Abril, mabigat ito sa bulsa.

BigDave
11-06-2008, 11:17 AM
ask ko lang po jack. kasi litong lito ako e... pasensya na ha talagang limitado alam ko sa taxation e.

ang basic ko now is 26,500.00 ngayon ang matatanggap ko for a bonus next week is only 20,405 lang. the percentage used was 23% daw

my status is HF. tama ba ang computation nila dito sa amin? kasi mukang sa gross na 26,500 ko kinaltas ang 23% nag-arrive yan.

paki tulungan naman ako malinawan o. meron po ba latest tax table from BIR kasi para matahimik na rin ako. ang laki naman kais ng tax ko 23% ???

maryosep!

jnerpio
11-06-2008, 05:23 PM
Pwede din po ba akong magpatulong? i am not sure kung tama ba ang kinakaltas ng employer ko. if im getting 21100 per month, is it true na 1800 ang tax every payday total of 3600 per month? SSS deduction is 250, HDMF 50, philhealth is 131 every payday, so times two for the whole month.
Anyone who can advise pls? tama lng ba ito? thanks!

jackbrng
11-07-2008, 03:28 PM
ask ko lang po jack. kasi litong lito ako e... pasensya na ha talagang limitado alam ko sa taxation e.

ang basic ko now is 26,500.00 ngayon ang matatanggap ko for a bonus next week is only 20,405 lang. the percentage used was 23% daw

my status is HF. tama ba ang computation nila dito sa amin? kasi mukang sa gross na 26,500 ko kinaltas ang 23% nag-arrive yan.

paki tulungan naman ako malinawan o. meron po ba latest tax table from BIR kasi para matahimik na rin ako. ang laki naman kais ng tax ko 23% ???

maryosep!

http://rapidshare.com/files/161420811/Book2.pdf.html

baka makatulong, kung magkaiba mga figures, post mo lang dito

BigDave
11-07-2008, 03:35 PM
http://rapidshare.com/files/161420811/Book2.pdf.html

baka makatulong, kung magkaiba mga figures, post mo lang dito

sir jack. ang bait mo naman po hehe... nacompute mo po yun? tinitingnan ko pa lang, iintindihin ko sya. maraming maraming salamat sa yo ha... :up: ka

jackbrng
11-07-2008, 03:41 PM
Pwede din po ba akong magpatulong? i am not sure kung tama ba ang kinakaltas ng employer ko. if im getting 21100 per month, is it true na 1800 ang tax every payday total of 3600 per month? SSS deduction is 250, HDMF 50, philhealth is 131 every payday, so times two for the whole month.
Anyone who can advise pls? tama lng ba ito? thanks!

tingin ko lumang table pa ginamit dito at yung status mo ay single. tama naman computation pero ask mo na lang accounting nyo na i-update kayo sa bagong table pero maliit lang deperensya, liliit lang ng P52 ang withholding tax mo kada payroll.

jackbrng
11-07-2008, 03:44 PM
sir jack. ang bait mo naman po hehe... nacompute mo po yun? tinitingnan ko pa lang, iintindihin ko sya. maraming maraming salamat sa yo ha... :up: ka

ok lang, kung may tanong ka, post lang dito

sholi08
11-09-2008, 03:26 AM
ano po ba ung sinasabi nilang tax relief at pano nito maaapektuhan ung mga tax exemptions natin.. baka meron po jan na pedeng magprovide ng bagong tax table para dito.. salamat po. :BeRightBack:

jhenna
11-10-2008, 05:15 AM
this is the way I understand it:

3260.50 - tax base

where as the tax base (whatever it is) will be:
if single = 2083
if HF= 2292
married = 2583

assuming single
3260.50 - 2083 = 1177.50

tax rate = 15%
1177.50 x 0.15 = 176.63 -> tax due in excess of the tax base

minimum tax due from adobe table is 104.17

adding those blues:
176.63 + 104.17 = 280.80 goes to gma semi-monthly

now anyone who knows better correct me if I'm wrong...


hi, I'm really eager to know how to compute my w/ holding tax.... my status is HF1. May you pls interpret the tax rate table. I don't understand the table. I'm under semi monthly. My BP, 8538.46 every pay out. Night diff and other taxable earnings not yet included in the amount i gave you. pls make it detailed same as the above. Thank Yo!

jackbrng
11-10-2008, 10:59 PM
hi, I'm really eager to know how to compute my w/ holding tax.... my status is HF1. May you pls interpret the tax rate table. I don't understand the table. I'm under semi monthly. My BP, 8538.46 every pay out. Night diff and other taxable earnings not yet included in the amount i gave you. pls make it detailed same as the above. Thank Yo!

please include your other earnings / income such as, as you stated, your night differential and other taxable earnings. also, include your deductions such as sss, phic, ang pagibig, in order for us to compute your withholding tax

mgbluna
11-20-2008, 03:48 PM
meron n ba kaung latest tax table as of July 2008? if meron penge copy

jackbrng
11-20-2008, 09:06 PM
meron n ba kaung latest tax table as of July 2008? if meron penge copy

Transitional Withholding Tax Table - From July to December 2008
ftp://ftp.bir.gov.ph/webadmin1/pdf/42126Annex%20D.pdf

revised withholding tax table - January 1, 2009
ftp://ftp.bir.gov.ph/webadmin1/pdf/42126AnnexC.pdf

JayYarre
12-12-2008, 09:42 PM
Hello po... may problem po ako with my Tax... From Jan-Oct i was with a company (CompanyA). then i resigned, and gave me my BIR2316 and the computation how they arrived at the figures..
Now with my new employer (CompanyB), me and my wife decided to let her carry the dependent in her office. so from CompanyA i was ME1 then when i move to CompanyB i was ME, (all documents are settled, no worries about that).

Now, upon looking at my payslip this Dec08, i noticed there was another tax withheld by CompanyB, and upon verification they say that upon annualization, i still have tax to be deducted.

Pano nanyari yun..eh CompanyA zero out the tax already, wala nga ako na refund eh.. nagbayad pa ko dahil kulang daw yun na-deduct sakin for the period, kaya binawas nila sa lastpay ko, which i believe is FAIR..

For CompanyB, How come meron pa silang additional computation na dapat ko pa i-shoulder, eh based on the semi-monthly tax, tama naman ang deduction nila last Nov... tapos ngayon december, may additional tax pa ko..
question:
1.) dapat ba i-annualized yun salaries ko from JAN-DEC and use ME exemption sa computation? knowing that ME1 was my tax exempt code from JAN-OCT in CompanyA?

2.) Does an increase in salary (from Nov-Dec), greatly effect the Year-End Annualize Tax? Knowing that Jan-Oct has been settled and accounted for (BIR2316).

3.) How will they consolidate this in one BIR2316? keeping in mind that two Tax Exempt, had been used?

3.) what is the right procedure for computing this kind of scenario?
hope you could email me your posted computation and suggestion. Thanks so much and GOD BLESS... (Allanyarre@yahoo.com)

jackbrng
12-12-2008, 11:41 PM
Hello po... may problem po ako with my Tax... From Jan-Oct i was with a company (CompanyA). then i resigned, and gave me my BIR2316 and the computation how they arrived at the figures..
Now with my new employer (CompanyB), me and my wife decided to let her carry the dependent in her office. so from CompanyA i was ME1 then when i move to CompanyB i was ME, (all documents are settled, no worries about that).

Now, upon looking at my payslip this Dec08, i noticed there was another tax withheld by CompanyB, and upon verification they say that upon annualization, i still have tax to be deducted.

Pano nanyari yun..eh CompanyA zero out the tax already, wala nga ako na refund eh.. nagbayad pa ko dahil kulang daw yun na-deduct sakin for the period, kaya binawas nila sa lastpay ko, which i believe is FAIR..

For CompanyB, How come meron pa silang additional computation na dapat ko pa i-shoulder, eh based on the semi-monthly tax, tama naman ang deduction nila last Nov... tapos ngayon december, may additional tax pa ko..
question:
1.) dapat ba i-annualized yun salaries ko from JAN-DEC and use ME exemption sa computation? knowing that ME1 was my tax exempt code from JAN-OCT in CompanyA?

2.) Does an increase in salary (from Nov-Dec), greatly effect the Year-End Annualize Tax? Knowing that Jan-Oct has been settled and accounted for (BIR2316).

3.) How will they consolidate this in one BIR2316? keeping in mind that two Tax Exempt, had been used?

3.) what is the right procedure for computing this kind of scenario?
hope you could email me your posted computation and suggestion. Thanks so much and GOD BLESS... (Allanyarre@yahoo.com)


1. yes, kapag compute ng income tax due mo ngayon 2008, ME ang gagamitin na status mo, regardless kung ME1 ka nung previous employer mo dahil nag-update ka ng status. Yung wife mo ang nagbenefit sa ginawa nyo. Bababa yung income tax naman nya.

2. Yung increase in salary affect your tax, kasi tumaas din ang taxable income mo ngunit depende ito sa laki ng increase ng sahod mo. Kung malaki ang itinaas, malaki rin ang madadagdag sa income tax mo.

3. Yung sinasabi mo consolidation, mangyayari ito sa annualization ng computation ng income tax mo. Ito-total ang lahat ng taxable income mo, tapos ibabawas yung mga SSS, PHIC, HDMF, etc, tapos yung exemption mo na P41,000 para sa ME ay ibabawas din para ma-arrive yung Net Taxable Income mo, dito ibabase yung annual income tax due mo.

Pero, nagtataka ako kung bakit wala kang tax refund na nakuha sa previous employer mo ganung hindi ka nakakumpleto ng isang taon. Naturally, dapat may nakukuhang tax refund ang mga empleyadong hindi nakakumpleto ng isang taon unless, kung mayroon kang ibang taxable income na hindi nakaltasan tulad ng 13th month at bonus.

Post ka ng mga figures para makita natin kung tama computation nila. Post mo yung sahod mo, SSS, PHIC, HDMF, at withholding tax mo, from both employers para malaman natin income tax due mo.

JayYarre
12-13-2008, 06:44 PM
1. yes, kapag compute ng income tax due mo ngayon 2008, ME ang gagamitin na status mo, regardless kung ME1 ka nung previous employer mo dahil nag-update ka ng status. Yung wife mo ang nagbenefit sa ginawa nyo. Bababa yung income tax naman nya.

2. Yung increase in salary affect your tax, kasi tumaas din ang taxable income mo ngunit depende ito sa laki ng increase ng sahod mo. Kung malaki ang itinaas, malaki rin ang madadagdag sa income tax mo.

3. Yung sinasabi mo consolidation, mangyayari ito sa annualization ng computation ng income tax mo. Ito-total ang lahat ng taxable income mo, tapos ibabawas yung mga SSS, PHIC, HDMF, etc, tapos yung exemption mo na P41,000 para sa ME ay ibabawas din para ma-arrive yung Net Taxable Income mo, dito ibabase yung annual income tax due mo.

Pero, nagtataka ako kung bakit wala kang tax refund na nakuha sa previous employer mo ganung hindi ka nakakumpleto ng isang taon. Naturally, dapat may nakukuhang tax refund ang mga empleyadong hindi nakakumpleto ng isang taon unless, kung mayroon kang ibang taxable income na hindi nakaltasan tulad ng 13th month at bonus.

Post ka ng mga figures para makita natin kung tama computation nila. Post mo yung sahod mo, SSS, PHIC, HDMF, at withholding tax mo, from both employers para malaman natin income tax due mo.

yun 13thMonth po since di ko raw na complete dapat daw 10/12 ang computation.
so instead of 40429 it should be 33690.83.
but since naibigay na yun 13th ko binawas nila yun difference sa lastpay..

Eto po yun computation nila for my JAN-OCT:
* Tax Computation
Salary - Jan. 1 to Sept. 30, 2008 363,862.80
Salaries for Oct. 1 - 31, 2008 40,429.00
Unfiled leaves - Oct. 27-31 / 5 days (9,258.55)
Taxable 13th Month Pay 3,690.83
Vac. Leave - excess of 10 days 13.00 24,072.23 422,796.31

Less: Personal Tax Exemption (ME1) 57,500.00
Govt. Deductions - Jan. - Sept. 2008 8,775.00
Govt. Deductions - Oct. 2008 975.00 67,250.00
Taxable Income 355,546.31
Rate
Tax Due (refer to Tax Table) 250,000.00 50,000.00
105,546.31 30% 31,663.89
355,546.31 81,663.89

Less: Tax Withheld from Basic Pay 79,043.56
Tax Withheld from 13th Mo. Pay 961.00 80,004.56
Still Due / (Tax Refund) 1,659.33


For my CompanyB: Gross pay is 50k.
SSS 500
PAGIBIG 100
PHealth 375

jackbrng
12-13-2008, 09:18 PM
tama naman yung computation ng previous employer mo. Correct din na may tax still due ka pa sa kanila nung time na umalis ka. Kaya ito nangyari dahil sa taxable 13th month at leaves mo. Yung withholding mo monthly ay based lang sa compensation mo na natanggap every month.

Yung sa current employer mo, based sa binigay mo na figures, ang computation ko sa withholding tax mo ay P12,104.67. Kaya ito tumaas dahil tumaas ang income mo at bumaba yung status mo.

Sa Annual Income Tax due mo, yung Annual Income mo ay P522,796.31. Less natin yung Government Deductions na total ay P11,700, mag-result ng P511,096.31, then less natin exemption mo na P41,000.00, so Taxable Income mo ay P470,096.31 at magkakaroon ito ng Tax Due na P116,028.89. Yung Total Withholding Taxes mo ay P93,768.56, kasama dito yung sa previous employer mo tulad ng withholding tax sa sahod mo, 13th month at yung binayaran mo pa sa kanila, then yung withholding tax mo for november sa current employee mo na na-compute ko. Kapag binawas natin yung Tax Due mo sa Withholding Taxes mo, may Tax Still Due ka pa for the month of December na P22,260.33.

Kung hindi ka nagbago ng status, ang Tax Still Due mo for December ay P17,643.77 or mas mababa ng P4,616.56.

Ang mga resulta ng aking computation ay maaring magbago kung may iba ka pang taxable income na hindi nabanggit tulad ng mga unused leaves na higit sa sampu o baka bigyan ka ng bonus plus yung 13th month mo at lumagpas ng P30k.

Nagtataka ako, ang liit ng Pagibig mo. Dapat 2% ito ng basic pay mo. Kung sa P100 deductions mo, salary level mo lang ay P5,000. Maapektuhan nito yung mga benepisyo mo sa Pagibig. Pabago mo para lumaki benepisyo mo sa Pagibig at kahit papaano, makakababa ito sa withholding tax mo.

JayYarre
12-14-2008, 08:03 PM
tama naman yung computation ng previous employer mo. Correct din na may tax still due ka pa sa kanila nung time na umalis ka. Kaya ito nangyari dahil sa taxable 13th month at leaves mo. Yung withholding mo monthly ay based lang sa compensation mo na natanggap every month.

Yung sa current employer mo, based sa binigay mo na figures, ang computation ko sa withholding tax mo ay P12,104.67. Kaya ito tumaas dahil tumaas ang income mo at bumaba yung status mo.

Sa Annual Income Tax due mo, yung Annual Income mo ay P522,796.31. Less natin yung Government Deductions na total ay P11,700, mag-result ng P511,096.31, then less natin exemption mo na P41,000.00, so Taxable Income mo ay P470,096.31 at magkakaroon ito ng Tax Due na P116,028.89. Yung Total Withholding Taxes mo ay P93,768.56, kasama dito yung sa previous employer mo tulad ng withholding tax sa sahod mo, 13th month at yung binayaran mo pa sa kanila, then yung withholding tax mo for november sa current employee mo na na-compute ko. Kapag binawas natin yung Tax Due mo sa Withholding Taxes mo, may Tax Still Due ka pa for the month of December na P22,260.33.

Kung hindi ka nagbago ng status, ang Tax Still Due mo for December ay P17,643.77 or mas mababa ng P4,616.56.

Ang mga resulta ng aking computation ay maaring magbago kung may iba ka pang taxable income na hindi nabanggit tulad ng mga unused leaves na higit sa sampu o baka bigyan ka ng bonus plus yung 13th month mo at lumagpas ng P30k.

Nagtataka ako, ang liit ng Pagibig mo. Dapat 2% ito ng basic pay mo. Kung sa P100 deductions mo, salary level mo lang ay P5,000. Maapektuhan nito yung mga benepisyo mo sa Pagibig. Pabago mo para lumaki benepisyo mo sa Pagibig at kahit papaano, makakababa ito sa withholding tax mo.


Salamat sa iyong palinawag at mga computation, ang medyo hindi ko maintindihan ay kung bakit, na apektuhan yun Jan-Oct ko dahil sa Tax Exempt Changes. kung titignan ko naman kasi... kinaltasan naman ako ng tama ng dating employer ko... tapos nag zero out na sila at na produce ang BIR2316...

in my view, dapat hindi na gumalaw yun dahil tapos na at napagbayarad ko na yun.... para kasing di tama na i-apply ang bago tax exempt sa tapos na na-transaction.. meron ba ibang solution dito?
:disappointed:

jek22
12-15-2008, 02:35 PM
My friend po kasi ako, nagpapatulong skin. Balak ko sana magtanong personal sa BIR dito EDSA, kaso baka wla nman ako mapala. bka hindi lng masagot mga tanong ko. Gusto nya po kasi malaman kung tama un TAX na kinakaltas sa kanya dahil sobrang laki daw po. Patulong nman po....

Jonie po name ng friend ko working in a Printing Press in Mandaluyong. Arawan po siya (390/day) at every Friday po ang kanilang PAYDAY. Monday-Friday lng po ang ipinapasok nya.


Earning: 390/day.
Gross: 1,950/5days. (390 x 5)
Tax: 256 (every friday po un kinakaltas sa knya)
The following, once a month lang po kinakaltas sa sweldo nya.


SSS: 333.33
Philhealth: 125
Pag-ibig: 203.73
Sana po matulungan nyo ako. Gusto po malaman ng friend ko kung tama ba ang computation ng TAX nya, kc lumalabas malaki pa ang sweldo/take home ng sumusweldo ng Minimum sa knya na 382 (kung iyun nga ang minimum ngayun) gawa ng wala ng tax ang mga minimum wage. Pro 8pesos lng nman po un difference nya sa minimum, bakit ang laki po yata nman ng tax.

Pa-HELP nman po...

salamat.

Alicecocoz
12-16-2008, 10:31 PM
Total Taxable Income 13,628
Includes:
TBasic Pay 10,859.00
Night Diff 1,782.00
TVacation 987.19


Deductions
SSS EE 33.30
EE NHIP 175.00
HMO - 442.79


Total Tax: 2,484.32

15 days salary ko po yan..

Pa compute naman po ng total refund ko kung meron man due to the new tax exempt from July.

Thanks!

Michelle Q
12-17-2008, 07:19 PM
Pano po ba ang computation ng tax kapag single with 6250 pesos semi monthly salary? salamat po..

jek22
12-18-2008, 07:07 AM
wala po ba dito pwede sumagot sa mga tanong namin..........

urizza
01-05-2009, 05:25 PM
Most of the post on the thread were related to the employed.
Kindly help me with my confusion because ever since I'm a self-employed. My 1st job was in Makati,and I worked there only for 3 months (May-August) as a consultant so I'm a self-employed. Then on the month of October I got my 2nd job here in QC as a Project Staff so basically my status was a self-employed. I really don't have any idea regarding the tax I paid, all I know from my 1st job I was deducted 10% from my salary which is 16,500.
And now from my 2nd job, I was deducted 13%.
My 1st job gave me 2307 form for which I need to file. And so as my 2nd job too. So do I need now to file quarterly income tax return on January 15? and how I will compute my tax? I really don't know sorry. I'm single with qualified dependent.
Kindly help me. Thanks.

pogs23
01-10-2009, 12:47 PM
hello sa mga pips...

gusto ko lng po malaman kung may matatanggap po ako tax return this jan...

annual gross income ko poh... is 265,000
sss ko poh... 6000
Phil health... 1500
Pag-ibig.... 1200

Total na tax ko poh with in the year is 38,000 tax status ko for example ME4 or S4

Wala po kc ako masyado alam sa mga gnito bagay... salamat poh... sa tulong

gravitii
01-15-2009, 01:42 PM
sir/madame....

nakuha ko po sahod for dec 16-31 2008 is 4.7K+, tapos sv ng acctg kasama daw po ung tax refund namin for the year 2008 dun sa sahod. from july to oct 15 2008 e may tax pa rin po akong binabayaran w/c amounts to 3.4k+.

ang tanong ko po is tama po b ung 4.7K+ na sahod ko considering na: 382/day rate ko + tax refund - 375(estimate for contributions) ?

salamat po... =)

anjiero
01-18-2009, 12:16 PM
I strongly suggest na tingnan na lang nung iba kung pano kinu-compute yung tax nila base dun sa mga previous responses para naman hindi na lang paulit ulit.. At least matututo pa lahat. Peace guys

jean
01-21-2009, 02:49 PM
great thread, keep it up! :)
:cool:cool

Elma Joyce
01-22-2009, 12:03 PM
paano mgcompute ng tax refund. ngwork ako sa private company and I recently resigned last December 31, 2008. Nag iba ung computation ng tax nung mga June 2008 kaya parang ung first half ng year e iba sa computation ng July-Dec2008... P10,000.00 ung pay ko ng per month...

iluvsmb
01-22-2009, 12:59 PM
hi all ... i checked the different post so far parang wala pa naman nag answer ng question ko .. actually may nag ask na but i cant find the answer sa post nya ..puhlez if somebody can help thanks so much in advance ..

i changed my status from having 1 dependent to 2.

but indi na update ang profile ko (filed it immediately either HR ng company ko ang indi nag file or file nila but nawala ng BIR ang file:disappointed: )

right now ok na M2 na

but for a year (2008) and a month (jan 2009) M1 lang ako

sabi ng HR namin I have to personally go to BIR .. personally hire an accountant(haller mahal kaya) to compute my tax refund

any other suggestions? wla na bang ibang solution para makuha ko ang sobrang tax na nabayad ko for a year?

may bagong law pa naman may mataas na exemptions sayang din .. pambili ng gatas ng 2 dependents ko :x

thanks po! God Bless!

BigDave
01-22-2009, 03:52 PM
hello people and hello Sir Jack, ako na naman hehe sensya na po talaga mahina ako sa BIR ruling as in zero po.

kasi last december 05 i've got married, wala pa pong anak. before my status is HF, now nung finile ko sa HR namin to declare and update my status in BIR ang sabi sa akin is wala rin naman daw magiging epekto sa computation ng taxes ko due to new ruling ng BIR na pag wala kang anak kahit married ka walang pinagiba yun sa dati na HF lang ako.

tanong ko lang totoo po ba yun? saka kanina inadvise ako na yung mga kinaltas sa akin (due to our payroll system na hindi updated at minsan mina-manual computation pa ng HR ang payroll and taxes) ay hindi daw naitama ang deduction. ngayon ura urada e sasabihin sa akin na malaki ang hahabulin sa tax ko ngayong mga susunod na mga payroll.

wow! kasalanan ko ba yun? i mean ganun lang ba kadali ang mga advise ng ganun at bawasan instantly ang sweldo mo dahil sa kamalian nila na mali ang dineduct noon? ano po ba ang pwede kong sabihin o iverify sa kanila kung talaga bang accurate ang computation nila eversince?

nakakainis diba? halos wala ka ng kitain sa tax na yan tapos pag nagkamali ka para bang no choice ka kundi ang sumunod?

payo naman po.

thanks :disappointed:

mahadera84
01-24-2009, 11:59 PM
HI Guys,

I am new here in this forum. Just wanna ask some help nman regarding on tax refund. Gusto ko lng ksi malaman kung tama yong tax refund n binigay s akin ng company. I worked on a private company since Jan-July 2008.My basic is 15K. How much will I get as my tax refund ?

Thanks for all your help guys!!!

jeffox
01-27-2009, 05:14 PM
good morning po sa lahat. bago lang po ako dito. ask ko lang po, if you are working in a private sector with a monthly compensation of 10,000 pesos, automatically exempted na po ba sa witholding tax? applicable din ba to sa transitional period na July-December 2008? or sa January-December 2009 lang?

maraming salamat.

chase
01-28-2009, 09:39 AM
Hi newbie here, matagal ko ng gustong sumali kaso busy lagi,,, I have a question, I am working with a monthly salary of P12,000.00, Married and with 1 dependent. Also I put up a computer shop late last Dec. 2008 under my name., and I am applying for my BIR this month (kasama na yung renewal nung permit na inapply ko last month),,, Naguguluhan ako kung san ako dapat magdeclare ng tax,dapat pa ba akong kaltasan ng company na pinagtratrabahuhan ko? kasi cyempre magdedeclare din ako ng tax sa shop ko??? panu ba yun???
Thanks

jeffox
01-29-2009, 10:10 PM
Hi newbie here, matagal ko ng gustong sumali kaso busy lagi,,, I have a question, I am working with a monthly salary of P12,000.00, Married and with 1 dependent. Also I put up a computer shop late last Dec. 2008 under my name., and I am applying for my BIR this month (kasama na yung renewal nung permit na inapply ko last month),,, Naguguluhan ako kung san ako dapat magdeclare ng tax,dapat pa ba akong kaltasan ng company na pinagtratrabahuhan ko? kasi cyempre magdedeclare din ako ng tax sa shop ko??? panu ba yun???
Thanks

declare mo yun as other income (yung kinita mo sa shop), at the same time mag pa withold ka ng tax sa pinagtatrabahoan mo. parang ganun yata yun. dili lang ako sure. hehehe :cool:

chase
01-30-2009, 09:27 AM
declare mo yun as other income (yung kinita mo sa shop), at the same time mag pa withold ka ng tax sa pinagtatrabahoan mo. parang ganun yata yun. dili lang ako sure. hehehe :cool:



PEDE BA KO MAKAHINGI NG SAMPLE NG COMPUTATION NG SAHOD KO,,, MAGULO KASI ANG COMPUTATION NG ACCOUNTANT NAMIN,, DI ATA MARUNONG E.. HEHE.. TSAKA ANUNG MGA FORMS ANG GAGAMITIN PAG GANUN... THANKS FOR REPLYING

aryan27
01-30-2009, 12:13 PM
hello po sa lahat..
new member po ako here sa forum na to.. kakatuwa magbasa dito lalo na at natututo ako..
I need your help po kasi,,
If ever na kung sino po sa inyo ang my copy ng latest withholding tax table.. please po.. paki post nmn po.. sana..
thanks!! God Bless po..B-)

aryan27
01-30-2009, 12:17 PM
hello po sa lahat..
i'm a new member in this forum..
and I need your help..
Sino po sa inyo ang my copy ng latest Withholding Tax Table..
pwede po bang paki post nmn po..
kelangang kelangan ko na po kasi..
thanks po.. God bless to all..

kamote217
01-31-2009, 07:09 AM
im creating a payroll system for my proj,i nid the latest tax table,cud u tel me wer can i find one,its rili urgent,i nid d latest,khit ung 2007, tnx po..

jackbrng
02-02-2009, 11:55 AM
Hi newbie here, matagal ko ng gustong sumali kaso busy lagi,,, I have a question, I am working with a monthly salary of P12,000.00, Married and with 1 dependent. Also I put up a computer shop late last Dec. 2008 under my name., and I am applying for my BIR this month (kasama na yung renewal nung permit na inapply ko last month),,, Naguguluhan ako kung san ako dapat magdeclare ng tax,dapat pa ba akong kaltasan ng company na pinagtratrabahuhan ko? kasi cyempre magdedeclare din ako ng tax sa shop ko??? panu ba yun???
Thanks

ganito po yung, bilang isang empleyado, kakaltasan ka pa rin ng employer mo sa sahod mo at dapat makakuha ka ng BIR Form No. 2316 sa employer mo para pagdating ng April 15, na deadline ng Annual Income Tax, ma-i-credit yung mga withholding tax mo sa employer mo. Mixed Income Earner ka. Sa April 15, magfile ka ng BIR Form No. 1701. Income Tax Return ito ng mga individual taxpayer. Kasama na rin dito yung income mo bilang empleyado.

jackbrng
02-02-2009, 12:00 PM
good morning po sa lahat. bago lang po ako dito. ask ko lang po, if you are working in a private sector with a monthly compensation of 10,000 pesos, automatically exempted na po ba sa witholding tax? applicable din ba to sa transitional period na July-December 2008? or sa January-December 2009 lang?

maraming salamat.

starting July 5, 2008, exempted na ang mga minimum wage earner.

jeffox
02-02-2009, 09:39 PM
PEDE BA KO MAKAHINGI NG SAMPLE NG COMPUTATION NG SAHOD KO,,, MAGULO KASI ANG COMPUTATION NG ACCOUNTANT NAMIN,, DI ATA MARUNONG E.. HEHE.. TSAKA ANUNG MGA FORMS ANG GAGAMITIN PAG GANUN... THANKS FOR REPLYING

regarding sa computation , basahin mo mga previous post sa thread na to. marami silang sample. sa dami ng sample nila, pati ako nagugulohan :lol:

ang gagamitin mong form parang 1604 CF yata. for compensation and final witholding tax. pero d pa rin ako sure. hahaha.

dont wory keep on asking for help, marami tutulong jan na may busilak ang puso.

chase
02-05-2009, 09:19 AM
ganito po yung, bilang isang empleyado, kakaltasan ka pa rin ng employer mo sa sahod mo at dapat makakuha ka ng BIR Form No. 2316 sa employer mo para pagdating ng April 15, na deadline ng Annual Income Tax, ma-i-credit yung mga withholding tax mo sa employer mo. Mixed Income Earner ka. Sa April 15, magfile ka ng BIR Form No. 1701. Income Tax Return ito ng mga individual taxpayer. Kasama na rin dito yung income mo bilang empleyado.


Thanks.. Pede mo ba akong bigyan ng sample BRO... I really appreciate it... para sana may format ako.. Thanks again

ivorychristine
02-06-2009, 11:10 AM
Hi! Correct me if im wrong....

Kapag minimum wage ka dapat wala kang tax deduction right?
Kasi may nagsabi sa akin na we should deduct tax kahit sa minimum wage kasi at the end of the year we do still have to remit their taxes pa din?

Please clarify. THanks.

alc219
02-12-2009, 04:07 PM
oo nga po please clarify yung post ni si ivorychristine. naguguluhan din ako :(

jackbrng
02-14-2009, 12:09 PM
Hi! Correct me if im wrong....

Kapag minimum wage ka dapat wala kang tax deduction right?
Kasi may nagsabi sa akin na we should deduct tax kahit sa minimum wage kasi at the end of the year we do still have to remit their taxes pa din?

Please clarify. THanks.

yeah, tama ka, kapag minimum wage earner wala ng tax deduction dahil exempted na sila sa income tax.

mali yung nagsabi sa iyo na kailangan na magdeduct pa rin ng tax sa minimum wage dahil nga exempted na sila sa income tax. Ano pa ang ideduct mo at iremit kung inexempt na sila ng batas sa income tax.

anjiero
05-20-2009, 04:21 PM
Hi! Correct me if im wrong....

Kapag minimum wage ka dapat wala kang tax deduction right?
Kasi may nagsabi sa akin na we should deduct tax kahit sa minimum wage kasi at the end of the year we do still have to remit their taxes pa din?

Please clarify. THanks.

Tama.. tama... Base kasi sa Revenue Regulation ng BIR Section 1 (B) Exemptionss from Withholding Tax on Compensation.. "Compensation income of of Minimum Wage Earners who work in the private sector and being paid the Statutory Minimum Wage as fixed by Regional Tripartite Wage and Productivity Board / Natina Wages and Productivity Commission, applicable to the place where he/she is assigned".

Kaya dapat tax exempted. Kahit meron pa yang overtime, night differential, holiday overtime at kung anu-ano pa..

Japs23nuts
06-18-2009, 06:06 PM
baka kasi nasabi sa kanya yan nung 2008, pero sa 2009 onwards, minimum wage earners are fully exempted sa income tax so no withholding tax kapag di lumampas sa minimum wage ang sweldo sa loob ng isang buwan pero kung may month na lumampas sa minimum yung sweldo nya dahil masipag syang mag ot (hehehe) subject na sya sa tax sa buwan na lumampas sya sa minimum........

anjiero
06-20-2009, 10:22 PM
pero sabi kasi sa Revenue Regulation ay kahit pa may overtime, night differential o kaya hazard pay ang isang tao, as long as yung basic pay nya ay pasok sa minimum wage, exempted pa din siya sa Tax...