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TaxCode

RegularIncome
SupplementaryIncome
TaxTable
TaxExemption
TaxableRegIncome
TaxOnBracket
TaxOnExcess
WTax

Trace

Payscript

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Trace of last calculation on Apr 20, 2024  01:16:08 AM



numeric input var RegularIncome = 0 [default:0];
numeric input var SupplementaryIncome = 0 [default:0];


text output var TaxTable = 'Semi-monthly' PayPeriod.PrdType;


vector var WTaxExemptionBracket = ['Semi-monthly' TabID,'010' ID,'Z' KeyCode,0 AmtExempt,0 AmtLvl01,0 AmtLvl02,417 AmtLvl03,1250 AmtLvl04,2917 AmtLvl05,5833 AmtLvl06,10417 AmtLvl07,20833 AmtLvl08,'Data' Type] [GetWTAXTableExemptionBracket(, )];
numeric output var TaxExemption = 0 WTaxExemptionBracket.AmtExempt;


numeric output var TaxableRegIncome = 0 [null RegularIncome - null TaxExemption]
{
  if( False [null TaxableRegIncome < 0] )
    TaxableRegIncome = 0;
}


vector var WTaxBracket = [0 Z,0 WTAX,0.05 PCTOVER] [GetWTAXTableTaxBracket(, , )];
numeric output var TaxOnBracket = 0 WTaxBracket.WTAX;


numeric output var TaxOnExcess = 0 [0 [(null TaxableRegIncome - 0 WTaxBracket[] + null SupplementaryIncome)] * 0.05 WTaxBracket.PCTOVER];


numeric output var WTax = 0 [Round2(0 [null TaxOnBracket + null TaxOnExcess])];

/********************************************************************************
///Payscript: WTax2009-S.payscript
///Scribe: sweldista.com
///Title:  How to Compute Withholding Tax
///Summary: 
Computes WTax based on the Monthly, Semi-monthly or Weekly 2009 Withholding Tax Table.
The tax table follows the type of period (Monthly, Semi-monthly or Weekly) configured in the paysheet.

///Environment: Philippines.200901
///WorkingPeriods: Semi-monthly, Weekly, Monthly
********************************************************************************/

//
numeric input var RegularIncome = 0.0;
numeric input var SupplementaryIncome = 0.0;

// TaxTable follows the period type of the paysheet
text output var TaxTable = PayPeriod.PrdType;

// TaxExemption depends on the TaxCode of the Employee
vector var WTaxExemptionBracket = GetWTAXTableExemptionBracket( TaxTable, TaxCode );
numeric output var TaxExemption = WTaxExemptionBracket.AmtExempt;

// Compute TaxableRegIncome by deducting TaxExemption from the RegularIncome
numeric output var TaxableRegIncome = RegularIncome - TaxExemption
{
  if( TaxableRegIncome < 0 )
    TaxableRegIncome = 0;
}

// TaxOnBracket and WTaxBracket are based on TaxableRegIncome only (without SupplementaryIncome)
vector var WTaxBracket = GetWTAXTableTaxBracket( TaxTable, TaxCode, TaxableRegIncome );
numeric output var TaxOnBracket = WTaxBracket.WTAX;

// TaxOnExcess is based on TaxableRegIncome and SupplementaryIncome minus the WTaxBracket of the TaxCode
numeric output var TaxOnExcess = ( TaxableRegIncome - WTaxBracket[ TaxCode ] + SupplementaryIncome ) * WTaxBracket.PCTOVER;

// WTax is the sum of TaxOnBracket and TaxOnExcess
numeric output var WTax = Round2( TaxOnBracket + TaxOnExcess );

Note: The sample paysheets and payscripts are meant for illustration purposes only.
It is the user's responsibility to verify compliance with government regulations and company policies.

Sample Semi-monthly Withholding Tax Computation using Payscript

Ang Unang Sweldista

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Ang Unang Sweldista

2009-Jan-12

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Sample Semi-monthly Withholding Tax Computation using Payscript

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