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I just would like to be clarified regarding the taxes that my company deducts from my pay and how much I am supposed to pay for my tax/es. I requested for an ITR for my children's scholarship application and based on the document, it said Gross compensation Income: 87, 143.47; Less Total Non-Taxable/Exempt: 29,086.75; Taxable Compensation Income from Present Employer: 60,704.07; Gross Taxable Compensation Income: 60,704.07; Less Total Exemptions: 100,00.00; Less Premium Paid on Health: 0.00; Net Taxable Compensation Income: 0.00; Tax Due: 0.00; Amount of Taxes Withheld Present Employer: 0.00; Total Amount of Taxes Withheld As Adjusted: 0.00(This is based on 2316 for 2014)
I just would like to know, how much was I supposed to have paid for my tax? because the amount of deduction on tax based on the payslips is P3,131.38. Is this about right? Thanks for any answer that would clarify this.
I just would like to know, how much was I supposed to have paid for my tax? because the amount of deduction on tax based on the payslips is P3,131.38. Is this about right? Thanks for any answer that would clarify this.
