🔒 Closed Compute my salary tax

[gamer012]

how to compute my withholding tax if my basic salary monthly is 14,000

 

[Pseudocode]

Example.

If the tax is 12% of your salary;
14,000 x 0.12 = 1,680 = tax

 

[nutzy45]

Computation is based on the yearly gross compensation income as anticipated by your monthly rate.

monthly rate x # of months
less: exceptions / allowable deductions= taxable income

taxable income x rate of taxes (may table po ito) e.g. 5%
then divided by 12 months...

yan po i-deduct sa inyo monthly as withholding tax...
then final computation po nyan sa December na, kung lumampas ang na-deduct sa inyo doon sa actual na tax due, may refund po kayo. If kulang, i-deduct po yun sa salaries ninyo to offset.

 

[gamer012]

yung sa kuya ko kasi okay pero yung sa ate ko 12,000 yung salary nya and then yung withholding tax nya is 563 di namin alam panu nacompute

 

[nutzy45]

yung sakin kuya ko kasi okay pero yung ate ko 12000 yung salry nya and then yung withholding tax nya is 563 di namin alam panu nacompute

Yung ate mo ba single, walang dependent? Pero kung 12k ang sweldo, kung Metro manila, dapat walang tax yun kasi yan yung minimum. Pwede naman pa-explain sa HR kung bakit ganun yung withholding tax nya.

P.S. Di ako "sir" TS.

 

[pirates23]

Akala ko ba 20k pababa wala ng tax?

 

[gamer012]

ayan mga master inupload ko na dko na makuha panu nila nakuha yun pahelp nalng thanks

 

[gamer012]

Akala ko ba 20k pababa wala ng tax?
baka next 2020 pa yun master haha

 

[nutzy45]

Iba po rate ng overtime. Bale yung basis of computation na binigay ko for basic yun. Mas malaki rate ng tax sa overtime. Para di na maguluhan, ipatanong na lang sa HR how they arrived at the amount of tax as deducted sa payslip. May computation po yan sa system nila.

 

[gamer012]

s

Yung ate mo ba single, walang dependent? Pero kung 12k ang sweldo, kung Metro manila, dapat walang tax yun kasi yan yung minimum. Pwede naman pa-explain sa HR kung bakit ganun yung withholding tax nya.

P.S. Di ako "sir" TS.

sir nakalagay s pic yung tax status is married

 

[nutzy45]

Best thing to do is, ipa-explain sa HR yung deduction for withholding tax. Para ma-update din yung records nya.

 

[gamer012]

okay sige thanks you boss