Taxable Cash Incentives
1 Taxable Cash Incentives on Sun Apr 10, 2011 3:16 pm
3 Re: Taxable Cash Incentives on Mon Apr 11, 2011 11:27 am
4 Re: Taxable Cash Incentives on Mon Apr 11, 2011 11:40 am
It would probably be ok with the company to credit you with 1795 only. but then you'd complain that afterwards that you actually got less than 1795 because the whole amount was taxed.
5 Re: Taxable Cash Incentives on Tue Apr 12, 2011 12:10 am
are you the only employee who was imposed such a tax?
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6 Re: Taxable Cash Incentives on Tue Aug 26, 2014 3:52 pm
For example if you received a 1000php watch and say tax was 10%:
If they say the taxable incentive (fringe benefit) provided by the company is 1000 then the tax of 100php will be withheld from your salary. In which case you pay our 100php out of your own salary.
1000=amount shouldered by company
1000*1.10=1100 - Total +taxes
1100-1000=100 - Tax paid
If they say the taxable incentive (fringe benefit) provided by the company is 1111.11 then the tax of 111.11 (10% of 1111.11) will be withheld from your salary. In which case the company pays for the 111.11php.
1111.11=amount shouldered by company
1111.11-111.11 or amount shouldered by company less the tax being shouldered by company = 1000
7 Re: Taxable Cash Incentives on Sat Sep 13, 2014 3:48 am
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