The no withholding tax for minimum wage earner is only effective last july 2008. so if your annual gross income is 120k per year your not qualified for the no deductions of wittholding tax.your tax will be gross income less sss,philhealth,hdmf deductions less personal exemption equals taxable income. 120K-example govt.ded 10k -50k = 60k. Regarding your concern about previous years just compute the same only the personal exemption for single is 20k. See withholding tax table for taxes due.

can anyone help me understand about income tax deductions & returns....
Whats the annual gross income of a single employee here in cebu city that he/she is entitled for income tax deduction(e.g. P120,000.00 gross annual income below, no deduction?)or minimum wage earners no income tax deductions?
I am already serving the company for 3 years but the company doesnt give us our refunds in which i am very much that i have. please help me...