16th Congress
Senate Bill No. 2437

PHP75,000.00 CAP FOR INCOME TAX EXEMPTION OF THE 13TH MONTH PAY/OTHER BENEFITS

Filed on October 22, 2014 by Recto, Ralph G., Lapid, Manuel "Lito" M., Angara, Juan Edgardo "Sonny" M., Villar, Cynthia A., Legarda, Loren B., Aquino IV, Paolo Benigno "Bam", Cayetano, Alan Peter Companero S., Cayetano, Pia S., Drilon, Franklin M., Ejercito, Joseph Victor G., Escudero, Francis "Chiz" G., Guingona III, Teofisto "Tg", Honasan II, Gregorio B., Osmena III, Sergio R., Pimentel, Aquilino Koko III L., Sotto III, Vicente C., Trillanes, Antonio "Sonny" F., Binay, Maria Lourdes Nancy S., Poe, Grace L.
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Long title

AN ACT ADJUSTING THE 13TH MONTH PAY AND OTHER BENEFITS CEILING EXCLUDED FROM THE COMPUTATION OF GROSS INCOME FOR PURPOSES OF INCOME TAXATION, AMENDING FOR THE PURPOSE SECTION 32 (B), CHAPTER VI OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED

Scope

National

Legislative status

Consolidated with Approved Bill (2/12/2015)
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