taxable or not
1 taxable or not on Sat Sep 07, 2013 10:31 am
2 Re: taxable or not on Mon Sep 09, 2013 4:01 pm
1. Minimum wage earners are exempt from payment of tax or filing of ITR. Minimum wage rate depends on your work location.
2. If you are employed to a private employment and your salary is ABOVE the minimum wage, the company/employer will WITHELD a portion of your salary and the same will be remitted to BIR. In other words, your salary is already subjected to witholding tax, hence, you are NO LONGER obliged to file an ITR, except if you want to ask for tax refund or tax credit.
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