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What is BIR 2024 Income Tax Table and Calculation about?

The document outlines six salary ranges and the corresponding income tax rates in the Philippines. For salaries between 250,000 and 400,000 the tax rate is 20% of income exceeding 250,000. Between 400,000 and 800,000 the tax is 30,000 plus 25% of income over 400,000. For incomes over 8,000,000 the tax is 2,410,000 plus 35% of income exceeding 8,000,000.

Author

james

Language

EN