Scribd
Upload
33 views

Government Rank and File Employee Summary of Compensation and Benefits in 2020

This document summarizes the compensation and benefits for a government rank and file employee in 2020. It details the employee's gross compensation of ₱585,492, mandatory deductions of ₱60,154, and net regular payroll of ₱465,338. It also lists supplemental allowances such as a personnel economic relief allowance of ₱24,000. When considering regular compensation, supplemental compensation, 13th month pay and other benefits, the total compensation is ₱675,129, with ₱237,754 being non-taxable and ₱557,529 being taxable compensation income.

Uploaded by

kate bautista
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
33 views

Government Rank and File Employee Summary of Compensation and Benefits in 2020

This document summarizes the compensation and benefits for a government rank and file employee in 2020. It details the employee's gross compensation of ₱585,492, mandatory deductions of ₱60,154, and net regular payroll of ₱465,338. It also lists supplemental allowances such as a personnel economic relief allowance of ₱24,000. When considering regular compensation, supplemental compensation, 13th month pay and other benefits, the total compensation is ₱675,129, with ₱237,754 being non-taxable and ₱557,529 being taxable compensation income.

Uploaded by

kate bautista
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

ASSUMPTIONS:

Government rank and file employee summary of compensation and benefits in 2020:
gross compensation income ₱ 585,492.00
less: employee payroll deduction:
GSIS 50,532.00
MEDICARE(PHILHEALTH) 8,422.32
PAGIBIG FUND 1,200.00 60,154.32
BIR WITHHOLDING TAX 60,000.00 120,154.32
Net regular payroll ₱ 465,337.68
Personnel Economic Relief Allowance 24000
Representation and Transportation Allowance 20000
Medical assistance 30000
Honoraria 20000
Uniform allowance 10000
Rice subsidy(2sacks of 50kg rice/month) 48000
laundry allowance (500/month) 6000
Christmas bonus 46791
Christmas gift 5000
Total Compensation ₱ 675,128.68

de minimis Non-taxable other benefits taxable benefits


Regular and supplementary compensation:
Mandatory deductions 60,154.32
regular compensation (585 492-60154.32) ₱ 525,337.68
suplemental compensation
Honoraria 20,000.00
PERA 24,000
RATA 20,000
Total ₱ - ₱ 545,337.68
13th month pay and other benefits:
Christmas bonus 46,791
Christmas gift 5,000
Excess De minimis
Medical assistance 30,000 10,000 20,000
Uniform allowance 10,000 6,000 4,000
Rice subsidy 48,000 24,000 24,000
Laundry allowance 6,000 3,600 2,400
Total 94,000 87,600 102,191
Exclusion threshold 90,000 (90,000)
Total 177,600 12,191
Total non taxable compensation 237,754.32
Taxable excess 13th month ay and other benefits (12,191) 12,191
Taxable Compensation Income ₱ 557,528.68

Presentation in Income Tax return


Gross Compensation Income ₱ 795,283.00
less: Non taxable compensation Income
Mandatory deduction 60,154.32
Exempt benefits 177,600 237,754.32
Taxable Compensation Income ₱ 557,528.68

Income Tax Due


Taxable Income ₱ 557,528.68
Less:lower limit of aplicable bracket 400,000 30,000
Excess ₱ 157,528.68
Multiply by: incremental tax rate 25% ₱ 39,382.17
Income Tax Due 69,382

You might also like