Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

Witholding tax

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Witholding tax on Wed Oct 31, 2012 6:37 am

manuelice


Arresto Menor
Hi! just wanna seek for an assistance I was deducted for witholding tax one time. My lasxt pay reflected as 0 for the company took all my earnings to apy for my tax. is this somehow legal?

View user profile

2 Re: Witholding tax on Wed Oct 31, 2012 11:57 pm

fierrorj


Arresto Menor
Hi, I was employed last feb 28 to july 2 and that company witheld a tax of the amount 9xxx. My concern is, my current employer gave me two options. First option was to give my BIR form 2316 and the other is I will not submit it and i will be the one to process it next year and so that I wont be deducted a large amount for this year. I was bothered because i will be employed the 6th of november this year and the first pay will be on the 20th and told me that i might be deducted large amount of tax for the company's annualization if i submit my form 2316. From what I knpow, since i have form 2316, my employer witheld a tax for me for the amount said above. If like for instance, my basic was 14500 and we are being taxed once a month, what would be my tax for the month of november and december to consider the following situations above.

Details:
Employment within the year
1. (Former Employer)- February 28-July 2, 2012
2. New Employer- November 6
3. Basic Salary- 14500
4. no other deductions except mandatory deductions like sss, pag-ibi, and philhealth
5. Cut off - 5 and 20 of each month
6. Taxes are bring deducted every other month.

View user profile

3 Re: Witholding tax on Thu Nov 01, 2012 3:34 pm

attyLLL


moderator
manuel, first request for an explanation. it's supposed to be deducted monthly, but if not, it is still deductible lump sum.


fierrorj, you are legally required to give your 2316. the tax is higher because your income for the year will be higher compared to your short income from nov-dec. the discrepancy might be seen by the bir.


_________________
[i] Visit our FB Page: BPO Employee Legal Advice
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

4 Re: Witholding tax on Thu Nov 01, 2012 5:34 pm

fierrorj


Arresto Menor
But since my previous employer withheld a tax for me of P 9552.24 it will not be that higher. right?my friend told me, an accounant, since i have a form 2316, my previous employer witheld a tax for me, and that is right. In this situation, how do i determine how high or compute my tax for the month of nove and dec and with he situation of company's tax annualization?

View user profile

5 Re: Witholding tax on Sat Nov 03, 2012 4:55 pm

attyLLL


moderator
the brackets are on the website of the BIR under income tax.


_________________
[i] Visit our FB Page: BPO Employee Legal Advice
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

6 Re: Witholding tax Today at 2:13 pm

Sponsored content


View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum