Showing posts with label calculator. Show all posts
Showing posts with label calculator. Show all posts

Tuesday, July 5, 2016

Withholding Tax Calculator

The Bureau of Internal Revenue's (BIR) Withholding Tax Calculator has restrictions/limitations on the use of the application and it is not downloadable.

Besides, the application is simply an automated computation of the withholding tax due based only on the information entered into by the user in the applicable boxes. Accordingly, the withholding tax due computed by the calculator cannot be used as basis of complaints of employees against their employers.

No validation process is being performed on the following information:

Basic Salary/Statutory Minimum Wage Earner (whether or not the basic salary is more than or less than the statutory minimum wage in the National Capital Region or in other regions);

De Minimis Benefits (whether or not the total de minimis benefits received by the employee is more than or less than the total threshold);

The Cumulative Average Method in computing withholding taxes (where the total supplementary compensation is equal or greater than the total regular compensation) cannot be accommodated in the calculator.

To access Withholding Tax Calculator click
here.


Friday, June 19, 2015

Withholding Tax Calculator Is Now Available On BIR Website For Use By All Compensation Earners

The Bureau of Internal Revenue (BIR) just recently announced the availability of Withholding Tax Calculator for use by all Compensation Earners to enable them to check the computation of the Withholding Taxes deducted from their salaries by their employers.

Just click http://www.bir.gov.ph/index.php/withholding-tax-calculator.html to access the system or visit BIR website: http://www.bir.gov.ph/ found under the quick links of the website.