okay babies and mass commuters and huge rice consuming public. hear ye, hear ye. gloria arroyo for one time just made the right decision that would possibly impact most of the filipino manggagawa and guys and gals who are living from paycheck to paycheck. Republic Act No. 9504 exempts minimum wage earners in the private sector and their counterparts in the public sector (casual employees) from paying income tax.
but, wait there's more..
The law increased the amount of personal exemption from P25,000 to P50,000 for all taxpayers regardless of status (single, married or head of the family), and the additional deduction for qualified dependents from P8,000 to P25,000.
Other benefits – holiday, overtime, night shift differential and hazard pay – are exempted from income tax when the law takes effect 15 days after its publication.
that means, if our tax exemption got higher and our OTs and Night Differentials were also tax-exempt- dut means, higher take home pay for us!
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i wish naa na ni when i was still working. pfffttt..
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