Republic Acts1 min read
Section 5Sec./Art. 5
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The first paragraph of item (1), paragraph (1) of Section 29 of the same Code, as amended, is hereby further amended to read as follows:
"(1) Personal Exemptions allowable to individuals. -
"(1) Basic personal exemption. - For the purpose of determining the tax provided in Section 21(a) of this Title, there shall be allowed a basic personal exemption as follows:
"For single individual or married individual judicially decreed as legally separated with no qualified dependents
P 9,000
"For head of a family
P12,000
"For each married individual
P18,000
"Provided,That, in case one of the spouses is deriving taxable income, only said spouse shall be allowed to avail of the aforesaid basic personal exemption for married individual."
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