Payroll System: How to Compute Withholding Tax
This time you’ll learn on how to compute Withholding Tax based on the Withholding Tax table as revised for January 2009.
Withholding tax is computed based on gross pay minus deductions like SSS, PHIC, & Pag-ibig contribution. For complete information on the manual computation please visit http://philippinestaxcomputation.blogspot.com/.
The value of SSS, PHIC, & Pag-ibig is based on estimated value. To get the exact SSS contribution, download the sample code at Payroll System: How to Compute SSS.
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