Hi, I was employed last feb 28 to july 2 and that company witheld a tax of the amount 9xxx. My concern is, my current employer gave me two options. First option was to give my BIR form 2316 and the other is I will not submit it and i will be the one to process it next year and so that I wont be deducted a large amount for this year. I was bothered because i will be employed the 6th of november this year and the first pay will be on the 20th and told me that i might be deducted large amount of tax for the company's annualization if i submit my form 2316. From what I knpow, since i have form 2316, my employer witheld a tax for me for the amount said above. If like for instance, my basic was 14500 and we are being taxed once a month, what would be my tax for the month of november and december to consider the following situations above.
Details:
Employment within the year
1. (Former Employer)- February 28-July 2, 2012
2. New Employer- November 6
3. Basic Salary- 14500
4. no other deductions except mandatory deductions like sss, pag-ibi, and philhealth
5. Cut off - 5 and 20 of each month
6. Taxes are bring deducted every other month.