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Free Legal Advice Philippines » FREE LEGAL ADVICE » LABOR AND EMPLOYMENT » Personal Exemption for Computation of Withholding Taxes

Personal Exemption for Computation of Withholding Taxes

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chwynsv1004


Arresto Menor

My present employer is requiring me to submit BIR form 2316 from my previous employer (I resigned last July 12). How should be personal exemption deducted? Full amount or pro-rated?

council

council
Reclusion Perpetua

chwynsv1004 wrote:My present employer is requiring me to submit BIR form 2316 from my previous employer (I resigned last July 12). How should be personal exemption deducted? Full amount or pro-rated?

Personal exemption is already deducted in full by the first employer.

Combined income and tax is computed at year-end for any adjustments or refunds.

http://www.councilviews.com

chwynsv1004


Arresto Menor

Assuming that my taxable income less personal exemption equals 16k, so tax would be aroud 1k+ and wtax deducted from January-July equals 4k. Does that mean that my previous employer has to pay me back 3k?

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Free Legal Advice Philippines » FREE LEGAL ADVICE » LABOR AND EMPLOYMENT » Personal Exemption for Computation of Withholding Taxes

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