5 Easy Steps-How to Use Withholding Tax Calculator 2018-Philippine Taxation Guro
Are you afraid to use this new tax calculator? We’ll that not obvious. You can file your income tax quarterly or monthly using this tax calculator 2018 in easy way.
Whether you’re a student and employee, you can use by following steps in using this provided tax calculator. This is very simple to use, friendly user and fast to compute your taxes. You want to know how to use this?
TIPS: This Tax Calculator is only for those who are earning income and it does not include those who practicing their professions or self-employed.
Here are the steps on how you can use this tax calculator.
Know Your Status
Status are categories into two: single or married. You’re about to click the single button if you’re a widow, widower and obviously single unless otherwise, married.
Counts Your Dependent Children
Although dependent children don’t reduce your personal income tax, but you can see your taxes before with this new TRAIN law.
This data might be used to calculate your tax savings monthly.
Determine Your Monthly Gross Income
In your payroll slip, look for monthly gross income. Take note that gross income does not include the overtime pay, absences, de minimis benefits etc.
If you’re married and your husband or your wife has no work, you may enter the zero (0) amount in the second monthly gross income for your spouse.
Know Your Employment
Under your monthly gross income, you must select whether you are employed in private companies, government or OFW.
If you’re employed in a government, make sure you not engaged in practice your profession.
I know you’re excited to know your tax due, net pay after tax, total contributions and net take home pay, what are you waiting for, press calculate, and you will see you need.
After knowing those five (5) simple and easy steps you’re ready to do it yourself. You can try at home or school to use tax calculator.