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taxable quarter
nabubuwisang taon ng quarter
Last Update: 2022-04-07
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it provides for the income tax exemption on their taxable income all the minimum wage earners including their holiday pay, overtime, night shift differential pays, and hazard pay the law also increases the personal exemption for all individuals to a fixed amount of p50,000 and the additional exemption of p25,000 for each dependent not exceeding four refer to a worker in the private sector paid the statutory minimum wage, or to an employee in the public sector with compensation income of not more than the statutory minimum wage in the non-agricultural sector where he/she is assigned
Last Update: 2023-06-15
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