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Deductions for Pure Compensation Income by radha gregorio is a document available to read on EtoBox.
What is Deductions for Pure Compensation Income about?
1. The document discusses deductions allowed and not allowed from gross income for taxpayers in the Philippines. It covers deductions for compensation income earners, allowable deductions, and itemized deductions. 2. Premium payments for health or hospitalization insurance are not deductible for compensation income earners. Personal exemptions are also not allowed as deductions. 3. Itemized deductions include ordinary and necessary expenses, interest, taxes, losses, depreciation, and charitable contribut
- Author
- radha gregorio
- Language
- EN