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(in the US) All earned income and bonuses are taxable.
(in the Philippines) If together with other financial benefits the total do not exceed P30,000.00, then it isn't taxable. If it exceeds the said limit, the amount in excess shall be taxable.
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∙ 11y ago
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Is tardiness a deduction that should be taken against the 13th month pay?
In my opinion tardiness should not be deducted against the 13th month pay, but to the salary of the employees. 13th month pay should be given to employees wholly without any deductions of taxes, sss, phic, hdmf (if it exceed 30,000.00 the excess are subject to withholding tax).
Is remuneration taxable pay?
calculate taxable pay
Is severance pay taxable in Philippines?
Is severance pay taxable in the philippines
What is difference between tax free and taxable income?
You don't pay tax on the tax-free pay and you do pay tax on taxable income
Should absences be deducted from the 13th month pay?
No....since you were already been deducted from your salary every-time you have incurred absences or late. 13th month is mandated by law it is the basic or the usual monthly income that you received, it is a kind of pay that is regarded as an appreciation by the company to you for the services you've done after all this years.
Is 13th month pay due for an awol employee?
yes
Are consultants entitle to 13th month pay?
This is under the discretion of the company.
Are consultants entitled to a 13th month pay?
This is under the discretion of the company.
Is it allowed to deduct the number of absences in 13Th month pay?
No. It should not.
Is tardiness a deduction that should be taken against the 13th month pay?
In my opinion tardiness should not be deducted against the 13th month pay, but to the salary of the employees. 13th month pay should be given to employees wholly without any deductions of taxes, sss, phic, hdmf (if it exceed 30,000.00 the excess are subject to withholding tax).
Is remuneration taxable pay?
calculate taxable pay
Is severance pay taxable in Philippines?
Is severance pay taxable in the philippines
Is notice pay recovery amount taxable?
Yes it is possible that have some taxable income for a pay recovery, and if you have received such a notice saying that it is a taxable recovery amont, yes, it would be taxable income.
What is difference between tax free and taxable income?
You don't pay tax on the tax-free pay and you do pay tax on taxable income
Should absences be deducted from the 13th month pay?
No....since you were already been deducted from your salary every-time you have incurred absences or late. 13th month is mandated by law it is the basic or the usual monthly income that you received, it is a kind of pay that is regarded as an appreciation by the company to you for the services you've done after all this years.
When is the Friday the Friday 13th?
well Friday the 13th is on Friday the 13th
What day of the week begins a month that has a Friday the 13th?
A month must begin on a Sunday in order to have a Friday the 13th.
