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

Personal Exemption for Computation of Withholding Taxes

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

chwynsv1004


Arresto Menor
My present employer is requiring me to submit BIR form 2316 from my previous employer (I resigned last July 12). How should be personal exemption deducted? Full amount or pro-rated?

View user profile

council


Reclusion Perpetua
chwynsv1004 wrote:My present employer is requiring me to submit BIR form 2316 from my previous employer (I resigned last July 12). How should be personal exemption deducted? Full amount or pro-rated?

Personal exemption is already deducted in full by the first employer.

Combined income and tax is computed at year-end for any adjustments or refunds.

View user profile http://www.councilviews.com

chwynsv1004


Arresto Menor
Assuming that my taxable income less personal exemption equals 16k, so tax would be aroud 1k+ and wtax deducted from January-July equals 4k. Does that mean that my previous employer has to pay me back 3k?

View user profile

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