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Tax Deduction

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1 Tax Deduction on Wed May 24, 2017 11:29 am

weightlifting_fairy


Arresto Menor
Hi po,


The most recent minimum wage rate in NCR per day is:

Basic Wage - 481.00
COLA - 10.00
New Minimum Wage Rate - 491.00

My main concern po is with relation to the withholding tax on compensation.

If I am a minimum wage earner, then I am exempt from income tax, consequently witholding tax on compensation.

But how will I know po the correct computation. Let's say, my basic rate per day is 485.00, therefore wala po ba ko dapat deduction ng tax sa payslip ko?

May nabasa po kasi ako na parang ang comparison lang po is with the Basic Wage lang which is 481.00, not including the COLA of 10.00

Therfore if 481.00 is the basis, tama lang po na may tax deduction ako, ganun po ba??

Sana po matulungan niyo ko malinawan dito sa concern ko, maraming salamat po in advance.

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2 Re: Tax Deduction on Fri May 26, 2017 9:27 am

weightlifting_fairy


Arresto Menor
Hi po,


I hope may makapaglinaw po saken neto,

Really appreciate it. thank you

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3 Re: Tax Deduction on Mon May 29, 2017 8:00 am

Patok


Reclusion Perpetua
Kung 485.00 ang daily mo then above minimum wage ka (Php481 ang minimum). So may tax ka..

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4 Re: Tax Deduction on Mon May 29, 2017 4:55 pm

weightlifting_fairy


Arresto Menor
Salamat po Smile

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