(NAR) VOL. 29 NO. 1/ JANUARY - MARCH 18
Revised Withholding Tax Table Effective January 1, 2018 to December 31, 2022 | ||||||
DA I LY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 68 5 and bel ow | 685 | 1 , 096 | 2 , 192 | 5 , 479 | 21 , 918 |
Prescribed Minimum Withholding Tax |
0 . 00 | 0 . 00 + 20 % over CL | 82 . 19 + | 356 . 16 + | 1 , 342. 47 | 6 , 602. 74 + |
WEEKLY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 4 , 808 and bel ow | 4 , 808 | 7 , 692 | 15 , 385 | 38 , 462 | 153 , 846 |
Prescribed Minimum Withholding Tax | 0 . 00 | 0 . 00 + | 576 . 92 + | 2 , 500. 00 | 9 , 423. 08 | 46 , 346. 15 + |
SEMI- MONTHLY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 10 , 417 and bel ow | 10 , 417 | 16 , 667 | 33 , 333 | 83 , 333 | 333 , 333 |
Prescribed Minimum Withholding Tax | 0 . 00 | 0 . 00 + | 1 , 250. 00 | 5 , 416. 67 | 20 , 416. 67 | 100 , 416. 67 |
MONTHLY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 20 , 833 | 20 , 833 | 33 , 333 | 66 , 667 | 166 , 667 | 666 , 667 |
Prescribed Minimum Withholding Tax | 0 . 00 | 0 .0 + 20% | 2 , 500. 00 + 25% | 10 , 833. 33 | 40 , 833. 33 | 200 , 833. 33 |