Annualized income TAX

[santario101]

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Hi friends ! I need your help badly.

I need to know how to compute the income tax of a regular employee using the Annualized Method, someone who is above the minimum wage. Wa nay lami ang among tax deduction sa office.

For discussion purposes let's assume that the employee falls under this bracket, earning 10k but not over 30k, as per RA 9504 the tax is 500+10% of the excess over 10k.

Help ! Please, calling all HR and Accounting people, now is your time to shine !

[janiella]

Hi! pls try this site www.sweldista.net

if your accountant is using the table dagko jud deduction ang withholding labi na naa pod overtime pero ila ra man pod na e refund ang excess