Ever wonder why your taxes are so darn high in your call center? Does it feel like no matter how much overtime hours you do ( or forced to do... ehem...), it doesn't seem to be worth the effort because you were not expecting it to be that low? Then you ask yourself where on call center earth did all that hard-earned money go? Well... to the government of course! Before you picket outside your call center and shout down with the system, take a look at the tax rate of your salary brackets here below.
Over | But Not Over | Rate |
| P10,000 | 5% | |
| P10,000 | P30,000 | P500 + 10% of the Excess over P10,000 |
| P30,000 | P70,000 | P2,500 + 15% of the Excess over P30,000 |
| P70,000 | P140,000 | P8,500 + 20% of the Excess over P70,000 |
| P140,000 | P250,000 | P22,500 + 25% of the Excess over P140,000 |
| P250,000 | P500,000 | P50,000 + 30% of the Excess over P250,000 |
| P500,000 | P125,000 + 34% of the Excess over P500,000 in 1998 |
Simple explanation of the table above, the bigger basic pay... the more of your money goes to public servants and "for building" roads, bridges and what not. LOL
Click on the BIR logo above so you can get more detailed information. It takes you to the BIR website.
Final advice, when you see your callcenter payslip and realize you just lost thousands due to taxes, bear in mind there are two major things that play here. Number 1 is your call center gross salary. Number 2 is your tax exemption status. This applies anywhere not just in call centers. Being single means more deduction. Being married, head of the family with 2 dependents should be less. I hope this info helps!
1 comments here!:
hmmm it seems that im getting more tax deduction than your table...
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