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COMMUTATION of UN USED LEAVES TAXABLE

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1COMMUTATION of UN USED LEAVES TAXABLE Empty COMMUTATION of UN USED LEAVES TAXABLE Thu May 08, 2014 4:15 pm

Employee101


Arresto Menor

Hi, Please help, I am 3 years in the company and this is my second time to claim commutation.
Every end of April our employer paid our unused vacation leave in a year, recently my un used leaves paid but taxable daw, So it means I did not get the whole amount I am expecting. For my 2 previous company my used leaves has no Tax naman.

I ask opinion with other's, some say that in excess of 30K for your total amount salary in a year in a year yun lang daw ang taxable. for examplae
if your earning 15K a month times 12 is 180K in excess of that you will received has 20% tax ? kasama po ba dito ang 13th month na taxable?

arbee


Arresto Menor

Hi,

Unused Vacation leaves are subject for tax, so it is taxable.
The excess  in 30k you were referring to is only applicable for 13th month pay. Regular salary pay is not inculded in this. Smile

Employee101


Arresto Menor

Ah ganun pla, dapat pala full din ang 13th month kung wala pa 30K.. thanks po

Patok


Reclusion Perpetua

10 days are not taxable.. excess of 10 days taxable na.

Employee101


Arresto Menor

Patok wrote:10 days are not taxable.. excess of 10 days taxable na.


Pwede ba ako makahingi ng link for the proof? 5 kasi kami na kinaltasan ng tax sa mga unused leaves namin, hindi naman exceeded ng 10 days yun.

council

council
Reclusion Perpetua

Employee101 wrote:
Patok wrote:10 days are not taxable.. excess of 10 days taxable na.


Pwede ba ako makahingi ng link for the proof? 5 kasi kami na kinaltasan ng tax sa mga unused leaves namin, hindi naman exceeded ng 10 days yun.

BIR Revenue Regulation 5-2011.

http://www.councilviews.com

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