BIR Withholding Tax Table 2011 DownloadAugust 30, 2011
Withholding Tax on Compensation is the tax withheld from income payments to individuals arising from an employer-employee relationship. Withholding Tax Table applies to Employment Income. It is a Government requirement for Employees to pay their Withholding Taxes through salary deduction made by their employers before the release of their respective salaries. Generally speaking, Withholding taxes are paid Semi Monthly or Monthly. Bureau of Internal Revenue facilitates the tax collection in the Philippines.
The amount of Withholding Tax varies depending on the employment income. Certain minimum amounts of Taxable Income are not subject to Withholding Tax. Withholding Tax are at graduated rates wherein the higher your paycheck the higher the withholding percentages.