Republic Acts2 min read
Section 3Sec./Art. 3
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
The first subparagraph of Section 2(a) of the National Internal Revenue Code, as amended, is hereby further amended to read as follows:
"(a) Taxable compensation income. - A tax is hereby imposed upon the taxable compensation income as defined in Section 27, other than the incomes subject to tax under paragraphs (b), (c), (d), (e) and (f) of this section, received during each taxable year from all sources determined in accordance with the following schedule:
"Not over P 2,500
0%
"Over P 2,500 but not over P 5,000
1%
"Over P 5,000 but not over P 10,000
P 25 + 3% of excess over P 5,000
"Over P 10,000 but not over P 20,000
P 175 + 7% of excess over P 10,000
"Over P 20,000 but not over P 40,000
P 875 + 11 % of excess over P 20,000
"Over P 40,000 but not over P 60,000
P 3,075 + 15% of excess over P 40,000
"Over P 60,000 but not over P 100,000
P 6,075 + 19% of excess over P 60,000
"Over P 60,000 but not over P 100,000
P 6,075 + 19% of excess over P 60,000
"Over P l00,000 but not over P 250,000
P 13,675 + 24% of excess over P 100,000
"Over P 250,000 but not over P 500,000
P 49,675 + 29% of excess over P 250,000
"Over P 500,000
P 122,175 + 35% of excess over P 500,000"
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.