The following income payments are exempted from the requirement of withholding tax on compensation:
Compensation Income of individuals that do not exceed the statutory minimum wage or ten thousand pesos per month. Minimum Wage Earner refers to a worker in the private sector paid the statutory minimum wage, or to an employee in the public sector which compensation income of not more than the statutory minimum wage in the non-agricultural sector where he/she assigned. Provided, further that holiday, overtime pay, night shift differential pay and hazard pay received by minimum wage earners shall like be exempted from income tax.
Compensation Income of individuals that do not exceed the statutory minimum wage or ten thousand pesos per month. Minimum Wage Earner refers to a worker in the private sector paid the statutory minimum wage, or to an employee in the public sector which compensation income of not more than the statutory minimum wage in the non-agricultural sector where he/she assigned. Provided, further that holiday, overtime pay, night shift differential pay and hazard pay received by minimum wage earners shall like be exempted from income tax.
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