BIR 2316 Form

PART IV-A NON-TAXABLE/EXEMP COMPEN INCOME Ex Calc EvCl05 / WT Description

32 Basic Salary MWE BP
33 Holiday Pay MWE
34 Overtime Pay MWE
35 Night Shift Differential MWE
36 Hazard Pay MWE
37 13th mo & bonuses up to max of Php30,000. Represents both NB /102 Non-Taxable 13th Month and
for present & previous employer 30,000.00 Other Bonus Payments
38 these are benefits that are relatively small in value. DM /202 Non-tx cash leave dys
39 Total SSS/PHIC/HDMF premiums deducted from the employee NT /310 SSS EE Contribution
for the whole year (from present employer only). /313 EE NHIP Contributions
9,750.00 /326 HDMF EE Contribution
40 Paid unused leave credits not exceeding 10 days or other /107 Non tx. Compensation
benefits that are non-taxable which cannot be classified as de -/102 13th mth+Bon pay non-taxb
minimis. 12,001.90 -/202 Non-tx cash leave dys
41 Totals of Items 32-40 51,751.90
PART IV-B TAXABLE COMPENSATION INCOME
42 Annual salary, Less: attendance deductions (present & /106 Taxable Gross Excluding
previous employer) & SSS/PHIC/HDMF premium contributions Allowances
(Item 39). 344,166.67
43 Representation RA
44 Transportation TA
45 Cost of Living Allowance CA
46 Fixed Housing Allowance HA
47A Other Taxable Income not falling under Items 42-46 OA
47B Other Taxable Income not falling under Items 42-46 OB
SUPPLEMENTARY
48 Commission CI
49 Profit Sharing PI
50 Fees including Director's Fee FI
51 Total 13th month & bonuses in excess of Item 37. Item 37 /302 13th mth+Bon pay non-taxb
amount is less than Php30K, then this should be zero. (present /303 Excess Taxable Bonus amt
& previous employer). 25,916.67
52 Hazard Pay HI
53 Overtime Pay OT
54A Other Income not falling under Items 48-53 2,400.38 OI /305 Taxable leave days
54B Other Income not falling under Items 48-53 OJ /111 Taxable Gross
-/106 TxGr ex Allowances
-/302 Excess 13th+Bon pay Taxbl
9,750.00 -/305 Taxable leave days
Other Items - any taxable income that do not fall under Items 42
& 51 (present & previous employer).
55 totals from #42-54 382,233.71 /111 Taxable Gross
PART IV-A SUMMARY
21 Item 41+ 55 433,985.61
22 Item 41 51,751.90
23 Item 55 382,233.71
24 Taxable income from PREVIOUS employer 258,000.00 /402 Previous ER taxable Gross
25 Item 23 + 24 640,233.71
26 Personal exemptions: 50,000.00
27 P2400 or P200/mo for employees who have presented evidence FP /412 Additional Exemption
that they’ve paid health/hospitalization insurance & that their
family’s total gross income does not exceed P250,000 for the
calendar year.
28 Item 25, less Items 26 & 27 590,233.71
29 Refer to the annual whtax table to determine the tax due 153,874.79
30A Total tax withheld from PRESENT employer 128,201.46 /401 Total Tax for current ER
30B Total tax withheld from PREVIOUS employer 25,673.33 /403 Previous ER Tax deduction
31 Should be equal to Item 29 153,874.79
 Previous ER Current ER Daily
Monthly Salary 24,000.00 25,000.00 1,200.19
Annual Salary 48,000.00 250,000.00
13th Month 4,000.00 20,833.33
14th Month 4,000.00 20,833.33
Other Bonus 1,250.00 5,000.00

SSS 1,000.00 5,000.00

HDMF 200.00 1,000.00

PHIC 750.00 3,750.00

Leave Encash 12.00 14,402.28

Taxable Income 258,000.00
Tax W/Held 25,673.33 128,201.46

Tax Status Married

Annualized Tax Calculation

Net Taxable Inc 590,233.71
Max Cap/Bracket 500,000.00 125,000.00
Excess of Cap 90,233.71 28,874.79
Total Tax Due 153,874.79
Standard KFP Description Required for Historical 2010 PY
P372 9006 Prev ER Txble 13Mth/Bnfts
P373 9007 Prev ER Txble Basic Salry
P374 9008 Prev ER Txble Salaries
P375 9009 Prev ER tax deducted
P380 9011 Prev ER Nontx. 13Mth/Bnft
P382 9012 Prev ER Nontx. SSS
P384 9013 Prev ER Nontx. Salaries
P385 9014 Prev ER De Minimis
P386 - Previous ER MWE Gross
P390 - Premium Health Insurance
P391 - Prev ER Basic Pay (MWE)
P392 - Prev ER Holiday Pay (MWE)
P393 - Prev ER OT Pay (MWE)
P394 - Prev ER Night Diff (MWE)
P395 - Prev ER Hazard Pay (MWE)
/301 Rice (Deminimis) NTxbl
/302 Excess 13th+Bon pay Taxbl Yes, inclusive of Previous ER if any
/303 Excess Taxable Bonus amt Yes, inclusive of Previous ER if any
/304 MdclCsh (Deminimis) NTxbl
/305 Taxable leave days Yes, inclusive of Previous ER if any
/306 Mdcl (Deminimis) NTxbl
/307 Uniform (Deminimis) NTxbl
/308 Lndry (Deminimis) NTxbl
/309 EE achv (Deminimis) NTxbl
/310 SSS EE Contribution Yes
/313 EE NHIP Contributions Yes
/326 HDMF EE Contribution Yes
/102 Non-Taxable 13th Month and Other Bonus Payments Yes, inclusive of Previous ER if any
/202 Non-tx cash leave dys Yes, Deminimis
/402 Prev ER taxable gross Optional, if EE has previous ER within the tax year
/401 Total Tax for current ER Yes
/403 Previous ER Tax deduction Optional, if EE has previous ER within the tax year
/106 Taxable Gross Excluding Allowances Yes, inclusive of Previous ER if any
/107 Non tx. Compensation Yes, inclusive of Previous ER if any
/111 Taxable Gross Yes
/412 Additional Exemption Optional, if EE has previous ER within the tax year
storical 2010 PY

Previous ER if any
Previous ER if any

Previous ER if any

Previous ER if any

as previous ER within the tax year 2010

as previous ER within the tax year 2010

Previous ER if any
Previous ER if any

as previous ER within the tax year 2010

ANNUALIZED WITHHOLDING TAX TABLE

OVER BUT NOT TAX AMOUNT RATE OF EXCESS

OVER OVER
Not over 10,000.00 0.00 5% 0.00
10,000.00 30,000.00 500.00 10% 10,000.00
30,000.00 70,000.00 2,500.00 15% 30,000.00
70,000.00 140,000.00 8,500.00 20% 70,000.00
140,000.00 250,000.00 22,500.00 25% 140,000.00
250,000.00 500,000.00 50,000.00 30% 250,000.00
500,000.00 over 125,000.00 32% 500,000.00

Personal Exemptions Eff 2008 Eff 2009

Single 35,000.00
Head of the Family 37,500.00 50,000.00
Married 50,000.00 50,000.00
Per Qualified Dependent Child 25,000.00