Is gratuity pay taxable or not?
I'm a bit confused on the BIR rulings:
>>> It is non taxable (with provision)
>>> It is non taxable
But our company deducted a w/tax due to provision on gross income (http://www.bir.gov.ph/taxcode/1638.htm)that I have to meet the 2 criterias:
1.Service in the company not less than 10 years: QUALIFIED
2.Note less than 50 years of age: NOT QUALIFIED
And also in addition that I resigned from the company.
I'm hoping for your clarification re. this matter.