cie
DESCRIPTION
compensationTRANSCRIPT
TAXABLE BENEFITS
EXEMPTOTHERSREGULAR
REGULAR BENEFITS
Basic Pay XXXXXXXX
Over-time Pay XXXXXXXX
Holiday Pay XXXXXXXX
Night Shift Differential Pay XXXXXXXX
Hazard Pay XXXXXXXX
Other Regular Benefits XXXXXXXX
13th Month PayXXXXXXXX
OTHER BENEFITS
De Minimis Benefits XXXXXXXX XXXXXXXX
Non-De Minimis Benefits XXXXXXXX
TOTAL XXXXXXXX
Less: EXEMPTION 30,000.00
TAXABLE XXXXXXXX XXXXXXXX
GTCI XXXXXXXX
NOTES: Basic Pay is reported net of exclusion (see discussions). 13th Month Pay, while a regular benefit is under the column taxable other benefits (see discussions). De Minimis Benefits are exmept from Income tax but the excess over the limit are taxable other benefits (see discussions). Allow the exemption of P30,000 for other benefits and 13th month pay (see discussions).