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Free Legal Advice Philippines » FREE LEGAL ADVICE » LABOR AND EMPLOYMENT » HDMF premium (employee share)

HDMF premium (employee share)

2 posters

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1HDMF premium (employee share) Empty HDMF premium (employee share) Wed Nov 24, 2010 4:19 pm

shawn


Arresto Menor

The NIRC provides that the employee share in premiums (HDMF, GSIS, PHIC, SSS, Union dues) are deductible from the taxable income. The mandatory HDMF (Pag-IBIG) premium is P100.00. What if the employee pays more than the mandatory premiums (which the law also allows), for example the employee pays P500.00 as his/her share, how much is the amount deductible from the taxable income?

2HDMF premium (employee share) Empty Re: HDMF premium (employee share) Thu Nov 25, 2010 10:19 am

attyLLL


moderator

i would argue that the amount paid should be deducted from taxable income.

https://www.facebook.com/BPOEmployeeAdvocate/

3HDMF premium (employee share) Empty Re: HDMF premium (employee share) Thu Nov 25, 2010 10:39 am

shawn


Arresto Menor

please expound. thanks so much!

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