Incoming tax return

[shaddaf]

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Hi All,

Sorry Modz if im posting in wrong category. kindly redirect nlang if ever saup jud ko.

anyways here is my question and concern:
should we regular employees are entitled for Incoming tax return annually? or it depends on some factors lang?
and if ever naa incoming tax return how much na usually and should it reflect on your payslip?

need your insight and comments guyz. thanks!

Regards,

-Shaddaf

If it wasnt for the last minute,nothing would get done

[twEATer]

Bro hope you don't get offended but it is not Incoming Tax Return. It is just income tax return. You must be referring to tax refund.

[twEATer]

Tax refund bro based on my experience dili tanan makakuha. Depende man gud na sa gi-withhold nga tax. If sobra ila giwithhold, kana naa dyud sila i-uli ana. Naa man gud companies nga ila iwithhold let's say 10% tax. At the end of the year, ila na icompute balik based na dyud sa unsay sakto nimu nga bracket.

[necrotic freak]

ug subra imong tax ana nga year wala kay mga OT, naa jud ka tax return end of the year or first month of the year..

[jackdi]

Hi All,

Sorry Modz if im posting in wrong category. kindly redirect nlang if ever saup jud ko.

anyways here is my question and concern:

1) should we regular employees are entitled for Incoming tax return annually? or it depends on some factors lang?

2) and if ever naa incoming tax return how much na usually and should it reflect on your payslip?

need your insight and comments guyz. thanks!

1) YES, employment income is taxable. Pero usually, gi-withhold na sa mga companies and are deducted from your payroll.

You may or may not need to file income tax noon. If na-withhold of sakto imong tax (thru payroll deduction), filing not needed na. Pero if you think nga you will need the income tax later (like scholarship sa anak, or somethin' ), file lang og nil return - zero tax bah... for the sake of filing.

2) Kung pila ang imong income tax, depende na imong income. Daku og income, daku og tax!. But as i've said, gi-withhold and remitted ang portion ana by your employer thru payroll deduction aron dili bug-at para sa tax payer.

Sakto na sila, if sobra pagka-withhold, naa kay tax refund. If kulang, naa kay tax payable.

Other reference:
https://www.istorya.net/forums/busine...x-payable.html

Hope this helps.

[shaddaf]

Bro hope you don't get offended but it is not Incoming Tax Return. It is just income tax return. You must be referring to tax refund.

Thanks bro! uu na saup rkog type anah."INCOME TAX REFUND" ako g.mean.. hehehe... nag una ra ako utok ako g.type lain na nuon.. anyways thanks sa inyung mga rply...

very much appreciated inyu mga inputs. thanks to necrotic and jackdi sad. hehehe

[kamikaze_007]

well tama sad ang term na "incoming" tax return..if you think na sobra ug withhold imong income tax..so naa gyud kay "incoming" na tax refund..XD

pero, hassle daw mo claim anang tax refund..

[necrotic freak]

^^wa may hassle kay SOP naman na sa imong employer.

[genjoy]

Ihatag man jud kung naa mo'y refund. Gawas lang ko gikikik.hahahaha