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1) This document outlines payroll policies and tax withholding rates for different types of work including regular hours, holidays, overtime, and night shifts. Rates are listed as percentages of the hourly wage. 2) It also provides information on employee records including names, hire dates, tax withholdings, and ZIP/RDO codes. Payroll taxes such as SSS and PHIC are also mentioned. 3) Deadlines of January 31 are given for filing the BIR Form 1604C annual tax return and BIR Form 2316 certificate of compensation payments and taxes withheld.

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Renz Joshua Quizon Munoz
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33 views

Mod 7

1) This document outlines payroll policies and tax withholding rates for different types of work including regular hours, holidays, overtime, and night shifts. Rates are listed as percentages of the hourly wage. 2) It also provides information on employee records including names, hire dates, tax withholdings, and ZIP/RDO codes. Payroll taxes such as SSS and PHIC are also mentioned. 3) Deadlines of January 31 are given for filing the BIR Form 1604C annual tax return and BIR Form 2316 certificate of compensation payments and taxes withheld.

Uploaded by

Renz Joshua Quizon Munoz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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OT rate: 25% of hourly rate - Deadline: On or before January 31

Reg. Holiday: 200% of hourly rate


Reg. Holiday OT: 260% of hourly rate BIR Form 1604C Annual Information Return of
Rest day in regular holiday: 260% of hourly rate Income Tax Withheld on Compensation
Rest day reg. Holiday OT: 338% - Attachment: Alphabetical List of
Special holiday: 130% of hourly rate Employees/Payees from whom Taxes were
Special holiday OT: 169% of hourly rate Withheld
Rest day special holiday: 150% of hourly rate - Declared and certified using BIR Form 2316
Rest day special holiday OT: 195% of hourly rate - Deadline: On or before January 31
Regular holiday on rest day: 260% of hourly rate
Special holiday on rest day: 150% of hourly rate 90,000 - Threshold of Nontaxable 13th Month Pay
Double holiday: 300% of hourly rate and Other benefits
Night diff: 10% of hourly rate
POLICIES:
Night diff OT: 10% of OT rate
7:30 - 16:30
Minimum Wage Earners:
7:46 - Late
CANLAS 16:14 - Undertime
CELESTIAL 18:31 - Overtime
GARCIA
Meal period – not less than1hr for every 6 days of
PEREZ
work scheduled by employer with consultation of
REYES
employees
SANTIAGO
13th month pay - 1/12 of the total basic salary
Newly Hired:
earned for the year
SORIANO - March
AGUILERA - May - is computed based on the guidelines of the
RIVERA - Dec Department of Labor and Employment (DOLE)
With tax dues: ZIP/RDO Codes
AGUILERA - 1654.10 SF- 2000/ 21B
SANTOS - 3825.24 AC - 2009/ 21A
Bacolor - 2001/ 21B
Tax withheld = 5489.34
Sta. Rita - 2002/ 21B
Tax remitted= 4611.04
Tarlac - 2316/ 17A
Magalang - 2011/ 21A
October Payroll Sheet
Porac - 2008/ 21A
Withholding Tax - Santos (894.38)
Mindoro - 5205/ 063
Social Security System (SSS) - social insurance Mexico - 2021/ 21B
program for employees for financial assistance Mabalacat 2020 / 21A
- basis: Gross Pay Manila -1000/ 033
Batangas - 4200/ 058
Philippine Health Insurance Company (PHIC) -
health insurance program for medical care
- 3%, minimum of 150
- basis: Basic Salary
Home Development Mutual Fund (HDMF)/Pag-
IBIG
- savings programs for housing loans
- 100 (maximum of 5000*2%)
BIR Form 2316 Certificate of Compensation
Payment/Tax Withheld for Compensation Payment
with or without Tax Withheld
- attached to BIR form 1700/1701 or the Annual
ITR

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