Sa company po namin ay meron kaming cash incentives.
3,000.00 -Perfet attendance Incentive (monthly)
3,000.00++- Students Incentive (monthly)
and renewal incentive,ang amount po ay depende po sa number of students na nag renew.
So every month,maari pong maka-receive ang isang employee ng incentive amounting to 6,000.00 or more depende po sa dami ng students.
According to BIR po,total of 30,000.00 pesos in a year is considered non taxable.Hence, the maximum non taxable incentives should be 4,500.00 every month. But, if the amount is beyond 30,000.00, magging taxable po sya.
However, the company did not deduct any amount of tax from the incentive every month for those employees who went beyond 4,500.00 every month. Ngaun po, may mga emplayado na nag negative ng 21,000.00 sa BIR because the company didn't deduct anything from the incentives.
Ang questions ko po,
1. Taxable po ba ang incentives?
2. Is it true na pag ang incentive ay lumagpas ng 4,500 monthly, magging taxable na po sya?
3. Should it be considered company's fault?
I am hoping for your reply. Thank you po.