Determine the total non-taxable compensation

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Question - Philippine Taxation 2020 (Train Law)Annual compensation income 540,00013th month pay 45,000 14th month pay 45,000

The following data is related to the compensation income of a private rank and file employee of SAMSAN TECH CORP during 2019:

Total monthly rice allowance during the year 26,000

Commission from employer 12,000

Christmas gift 8,000

SSS, PHIC and HDMF contribution P21,000

Required -

1. Determine the exempt de minimis benefit?

2. Determine the total non-taxable compensation?

3. Determine the income tax due.

Reference no: EM132752632

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