{"id":119,"date":"2020-05-23T01:38:24","date_gmt":"2020-05-23T01:38:24","guid":{"rendered":"https:\/\/phoenix-payroll.com\/kb\/?p=119"},"modified":"2021-07-04T14:51:36","modified_gmt":"2021-07-04T14:51:36","slug":"payroll-manual-tables-section","status":"publish","type":"post","link":"https:\/\/phoenix-payroll.com\/kb\/payroll-manual-tables-section\/","title":{"rendered":"Tables Section"},"content":{"rendered":"\n

The Government Deduction Tables section displays the deduction tables for each of the government agencies which require contributions be withheld from employee wages.<\/p>\n\n\n\n

Withholding Tax Tables<\/a><\/h2>\n\n\n\n

Withholding tax table is displayed in each pay period processing type and exemption status<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The Wage Floor<\/strong> and Wage Ceiling<\/strong> columns show the range at which a particular employee\u2019s Regular Income must fall in.  The Of Wage Over<\/strong> will be deducted from the Regular Income before adding the supplementary income.  The Deduction<\/strong> column stores the fixed amount to be deducted from the employee\u2019s gross pay based on his bracket. The Plus %<\/strong> column stores how much percentage of the total taxable income less Of Wage Over<\/strong> must be added to the fixed Deduction<\/strong>. <\/p>\n\n\n\n

See sample computation below for a monthly waged employee who has a regular compensation of P12,000, supplementary compensation of P5,000, and Single<\/strong> (S)<\/strong> tax code.<\/p>\n\n\n\n

\n

Regular Compensation:                      12,000.00<\/p>\n<\/div><\/div>\n\n\n\n

Less: Of Wage Over                           10,000.00<\/p>\n\n\n\n

                                                            2,000.00<\/p>\n\n\n\n

Add: Supplementary compensation      5,000.00    <\/p>\n\n\n\n

Total:                                                   7,000.00<\/p>\n\n\n\n

Tax on excess (P7,000 x 20%) P   1,400.00<\/p>\n\n\n\n

Tax on P10,000.00                                  708.33<\/p>\n\n\n\n

Withholding tax                               P   2,108.33<\/strong><\/p>\n\n\n\n

Note:<\/strong>  You can set the Basis for Regular & Supplementary Income (Attendance Pay) in Preferences->Settings<\/strong>->Deductions<\/strong>. This setting has a big impact in Annualization process. During Annualization process, year-to-date Regular & Supplementary Income are added up prior to matching up to which bracket the taxable income must fall.<\/p>\n\n\n\n

The Tax Reform for Acceleration and Inclusion Act (TRAIN) Law Phoenix Integration<\/strong><\/p>\n\n\n\n

Phoenix Payroll is TRAIN Law-ready effective January 1, 2018.  The smooth integration was done and released on January 5, 2018.<\/p>\n\n\n\n

SSS Contribution Tables<\/a><\/h2>\n\n\n\n

SSS Employee and Employer Shares Tables and the Employer Contribution Table<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

PhilHealth Contribution Tables<\/a><\/h2>\n\n\n\n

PhilHealth Personal and Employer Shares Tables<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Pag-Ibig Fund Contribution Tables<\/a><\/h2>\n\n\n\n

Pag-Ibig Employee and Employer Shares Tables<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

GSIS Contribution Tables<\/a><\/h2>\n\n\n\n

GSIS Employee and Employer Shares Tables and the Employee Contribution Table for Regular and Judiciary Members<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Government Deduction Tables section displays the deduction tables for each of the government agencies which require contributions be withheld from employee wages. Withholding Tax Tables Withholding tax table is displayed in each pay period processing type and exemption status The Wage Floor and Wage Ceiling columns show the range at which a particular employee\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,8],"tags":[],"class_list":["post-119","post","type-post","status-publish","format-standard","hentry","category-phoenix-payroll","category-payroll-users-manual"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/posts\/119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/comments?post=119"}],"version-history":[{"count":2,"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/posts\/119\/revisions"}],"predecessor-version":[{"id":315,"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/posts\/119\/revisions\/315"}],"wp:attachment":[{"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/media?parent=119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/categories?post=119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phoenix-payroll.com\/kb\/wp-json\/wp\/v2\/tags?post=119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}