AP 4 (Q2-COMP1)

• GROSS COMPENSATION INCOME


  UNANG STEP
• PERSONAL AND ADDITIONAL EXEMPTIONS


  IKALAWANG STEP
• TAXABLE INCOME


  IKATLONG STEP
• TAX DUE 


  IKAAPAT NA STEP
• TOTAL AMOUNT PAYABLE / OVER PAYMENT


  IKAHULING STEP
• TAX PAYABLE


  TAX DUE > TAX WITHHELD
• TAX REFUND


  TAX DUE < TAX WITHHELD
• 0 BALANCE


  TAX DUE = TAX WITHHELD
• ₱250,000?

  NONE (0%)
• ₱250,000-₱400,000

  20% OF EXCESS OVER ₱250,000
• ₱400,000-₱800,000

  ₱30,000 + 25% OF EXCESS OVER ₱400,000
• ₱800,000-₱2,000,000

  ₱130,000 + 30% OF EXCESS OVER ₱800,000
• ₱2,000,000-₱8,000,000

  ₱490,000 + 32% OF EXCESS OVER ₱2,000,000
• ₱8,000,000 ABOVE

  ₱2.41 MILLION + 35% OF EXCESS OVER ₱8,000,000