Php75000 Cap for Income Tax Exemption of the 13th Month Pay/Other Benefits

Senate Bill No. 2437: Php75,000.00 Cap for Income Tax Exemption of the 13th Month Pay/Other Benefits

AN ACT ADJUSTING THE 13TH MONTH PAY AND OTHER BENEFITS CEILING EXCLUDED FROM THE COMPUTATION OF· GROSS INCOME FOR PURPOSES OF INCOME TAXATION, AMENDING FOR THE PURPOSE SECTION 32 (B), CHAPTER VI OF THE NA TIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED

 

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