
Originally Posted by
C.P.A.
yes, tinuod na, ug dapat lang jud nga ibalik nila ang sobra. To help you on how to compute sa income tax to determine kun naa ba mo sobra or wala, please refer sa table below:
tax rate for individual including self employed are as follows:
If taxable income is:............................................... ..................Tax Due is:
Not over 10,000............................................ .........................5%
Over 10,000 but not over 30,000 ............................................ 500 + 10% of the excess over 10,000
Over 30,000 but not over 70,000 ............................................ 2,500 + 15% of the excess over 30,000
Over 70,000 but not over 140,000 .......................................... 8,500 + 20% of the excess over 70,000
Over 140,000 but not over 250,000 ........................................ 22,500 + 25% of the excess over 140,000
Over 250,000 but not over 500,000 ........................................ 50,000 + 30% of the excess over 250,000
Over 500,000 .................................................. ...................... 125,000 + 32% of the excess over 500,000