2. Batas sa Pagbabayad a. Direkta (Direct) b. Di-direkta (Indirect)
3. Ayon sa Layunin a. Buwis sa hanapbuhay b. Community Tax (Sedula) 4. Buwis sa Kita
Note : Effective January 1, 1999, the maximum rate will be changed to 33% and 32% on January 1, 2000. P125,000 + 34% of the excess over P500,000 Over P500,000 P8,500 + 20% of the excess over P70,000 Over P70,000 but not over P140,000 P50,000 + 30% of the excess over P250,000 Over P250,000 but not over P500,000 P2,500 + 15% of the excess over P30,000 Over P30,000 but not over P70,000 P22,500 + 25% of the excess over P140,000 Over P140,000 but not over P250,000 P500 + 10% of the excess over P10,000 Over P10,000 but not over P30,000 5% Not over P10,000 Tax Due is: If Taxable Income is : Tax Due is: If Taxable Income is : TAX TABLE
Personal and Additional Exemptions The filer's civil status shall be indicated by marking with an "x" the appropriate box. The amount of personal exemption are as follows : P32,000 For each employed married individual c. P25,000 For Head of the Family b. P20,000 For single individual, widow/widower or married individual judicially decreed as legally separated with no qualified dependents a.
In the case of married individuals where only one of the spouses is deriving gross income, only such spouse shall be allowed the personal exemption. An additional exemption of P8,000.00 shall be allowed for each qualified dependent child, not exceeding four(4). The additional exemption for dependents shall be claimed by the husband, who is deemed the head of the family unless he explicitly waives his right in favor of his wife. In the case of legally separated spouses, additional exemption may be claimed only by the spouse who has custody of the child or children; Provided, that the total amount of additional exemptions that may be claimed by both shall not exceed the maximum additional exemptions allowed byt the Tax Code.