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  • Monthly salary and deductions comparison

    Transféré par

    Arnel Pablo
    8 vues3 pages
    This document contains payroll information for an employee under a new and old payroll system. It shows monthly salary, mandatory deductions, 13th month pay and other benefits. Under the new system, gross compensation is PHP 427,742.45 with PHP 250,000.06 being taxable. The tax expense is PHP 0.01. Under the old system, gross compensation is also PHP 427,742.45 but taxable amount is PHP 208,000.06 due to a PHP 50,000 personal exemption. The tax expense is PHP 37,400.02.

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    Tax Com Beta

    Titre original

    Tax Com Beta

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    This document contains payroll information for an employee under a new and old payroll system. It shows monthly salary, mandatory deductions, 13th month pay and other benefits. Under the new system, gross compensation is PHP 427,742.45 with PHP 250,000.06 being taxable. The tax expense is PHP 0.01. Under the old system, gross compensation is also PHP 427,742.45 but taxable amount is PHP 208,000.06 due to a PHP 50,000 personal exemption. The tax expense is PHP 37,400.02.

    Droits d'auteur :

    © All Rights Reserved
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    8 vues3 pages

    Monthly salary and deductions comparison

    Transféré par

    Arnel Pablo
    This document contains payroll information for an employee under a new and old payroll system. It shows monthly salary, mandatory deductions, 13th month pay and other benefits. Under the new system, gross compensation is PHP 427,742.45 with PHP 250,000.06 being taxable. The tax expense is PHP 0.01. Under the old system, gross compensation is also PHP 427,742.45 but taxable amount is PHP 208,000.06 due to a PHP 50,000 personal exemption. The tax expense is PHP 37,400.02.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme XLSX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 3

    Beta only

    Legend Input

    NEW SYSTEM

    MONTHLY SALARY 13,928.14 167,137.68


    Mandatory Deductions
    GSIS/SSS 1,253.53 15,042.39
    HDMF 375.00 4,500.00
    PHILHEALTH 100.00 1,200.00
    BALANCE 146,395.29

    13th and Other(82k limit) 90,000.00


    De Minimis RICE 18,000.00
    * Uniform 5,000.00
    15-Sep Optical 10,000.00
    17-Nov Cash Gift 5,000.00
    * PEI 5,000.00 43,000.00
    Manda Deductions 20,742.39
    PERA 24,000.00 177,742.39

    Others
    BCA 42,000.00
    3-May EEA 13,928.14
    13-May Mid-Year 13,928.14
    30-May EIA 20,000.00
    15-Aug EDA 30,000.00
    13-Oct PBB 6,964.07
    28-Oct SWA 13,928.14
    17-Nov 13th Mo 13,928.14
    15-Dec YA 25,000.00
    * EEA 13,928.14 193,604.77
    (excess of 82k limit) 90,000.00 103,604.77

    Gross Compensation 427,742.45


    Non-Taxable/Exempt/Deductions 177,742.39
    Taxable Compensation 250,000.06
    Personal Exemption -
    Net Taxable Compensation 250,000.06

    Excess over 250,000.00 0.06 20% 0.01


    Base Tax -
    Tax Expense 0.01
    * not yet received
    OLD SYSTEM

    MONTHLY SALARY 13,928.14 167,137.68


    Mandatory Deductions
    GSIS/SSS 1,253.53 15,042.39
    HDMF 375.00 4,500.00
    PHILHEALTH 100.00 1,200.00
    BALANCE 146,395.29

    13th and Other(82k limit) 82,000.00


    De Minimis RICE 18,000.00
    * Uniform 5,000.00
    15-Sep Optical 10,000.00
    17-Nov Cash Gift 5,000.00
    * PEI 5,000.00 43,000.00
    Manda Deductions 20,742.39
    PERA 24,000.00 169,742.39

    Others
    BCA 42,000.00
    3-May EEA 13,928.14
    13-May Mid-Year 13,928.14
    30-May EIA 20,000.00
    15-Aug EDA 30,000.00
    13-Oct PBB 6,964.07
    28-Oct SWA 13,928.14
    17-Nov 13th Mo 13,928.14
    15-Dec YA 25,000.00
    * EEA 13,928.14 193,604.77
    (excess of 82k limit) 82,000.00 111,604.77

    Gross Compensation 427,742.45


    Non-Taxable/Exempt/Deductions 169,742.39
    Taxable Compensation 258,000.06
    Personal Exemption 50,000.00
    Net Taxable Compensation 208,000.06

    Excess over 250,000.00 (41,999.94) 30% (12,599.98)


    Base Tax 50,000.00
    Tax Expense 37,400.02

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