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Author Topic: HELP: Inquiry re: BIR 1601-C form  (Read 12257 times)

jcruz

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HELP: Inquiry re: BIR 1601-C form
« on: June 23, 2010, 01:18:09 PM »
may tanong lang po sana ko regarding sa BIR 1601C form.
Pacheck naman po kung tama pagkakaintindi ko. Thanks po
Let's say na sa isang employee lang ang gagawan ng 1601C

Kunwari po eto si employee
Juan Dela Cruz
Gross income - 15000
Taxable income 12500
Non-Taxable Income - 2500
and let's say na meron siyang sss, philhealth, at pagibig premiums

Total Amount of Compensation (15) - Gross Income ng Employee for the month
Statutory Minimum Wage (MWEs)(16A) <- dito po ko nalilito

Holiday Pay, Overtime Pay, Night Shift Differential Pay, Hazard Pay (Minimum Wage Earner) (16B)  - Overtime Pay, etc. let's say na lang na wala din syang Holiday and other fees.

Other Non-Taxable Compensation(16C) <- isa pa po tong di ko sigurado.  ito na po ba yung 2500?

Taxable Compensation(17) <- Lastly eto po eto po ba yung 12500?

Salamat po. :D

jnuqui

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #1 on: June 23, 2010, 02:38:44 PM »
15. In this box you will put the Gross compensation, in your case Php 15,000.   16A. In this box you will put the gross amount of compensation pertaining to Minimum Wage Earner, in your example "0" since the Php 15,000 salary is above minium.  16B.  In this box you will put the amount paid for holiday pay, Night Shift, Diff. pay, and Hazard Pay of Minimum Wage earner, in your example "0" since the Php 15,000 salary is above minimum.  16C.  In this box you will put the amount paid for SSS/Philhealth/Pagibig.  17 is the difference of 15 less 16a b c. 

With regards to your example of Php 2,500 as non-taxable, may i know what is the nature of this?

jcruz

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #2 on: June 23, 2010, 07:27:26 PM »
With regards to your example of Php 2,500 as non-taxable, may i know what is the nature of this?

Thanks for the fast reply sir. When you say nature po ano pong minimean nyo?
Kunwari po yung 2500 ay mga non-taxable allowances. Ganun po ba?

jnuqui

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #3 on: June 24, 2010, 09:48:26 AM »
Ok to be clear, the following are the non-taxable items that should be filled out in box 16c;

1. 13th month pay
2. De Minimis Benefits
3. SSS/GSIS/PHIC/Pagibig&Union Dues
4. Other Benefits - ( Not exceeding Php 30,000 after considering 13th month pay )

I assume that in your case the Php 2,500 pertains to Php 30,000 exemption limit or Php 2,500 x 12 mos.  Please clarify further as your 13th month is equivalent to Php 15,000 only which means you still have another Php 15,000 that can be considered as other non-taxable benefits.  Please clarify further....

Please note that the De minimis is not part of the Php 30,000 exemption limit.

jcruz

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #4 on: June 24, 2010, 05:35:47 PM »
Ok to be clear, the following are the non-taxable items that should be filled out in box 16c;

1. 13th month pay
2. De Minimis Benefits
3. SSS/GSIS/PHIC/Pagibig&Union Dues
4. Other Benefits - ( Not exceeding Php 30,000 after considering 13th month pay )

I assume that in your case the Php 2,500 pertains to Php 30,000 exemption limit or Php 2,500 x 12 mos.  Please clarify further as your 13th month is equivalent to Php 15,000 only which means you still have another Php 15,000 that can be considered as other non-taxable benefits.  Please clarify further....

Please note that the De minimis is not part of the Php 30,000 exemption limit.

Sir may limit po ba ang de minimis? and ano ano po ito?

So let's say po sundin natin yung example ko above, may 15k 13th month ako so meron na lang akong 15k na natitira para sa other benefits? so kunwari gusto ko siya isama sa allowances meron na lang ako 1250 per month aside sa mga de minimis?

Sir may ym po kayo?

jnuqui

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #5 on: June 24, 2010, 06:53:58 PM »
The general rule is that facilities and privileges of relatively small value, otherwise known as de minimis benefits, are not considered compensation subject to income tax. These benefits are given by the employer to the employee as a means of promoting the health, goodwill, contentment or efficiency of the employees.

Prior to RR 10-2008, the BIR already release RR 5-2008 which amends the list of de minimis benefits exempt from income tax. The list of de minimis benefits under RR 10-2008 and the previous regulations RR 5-2008, 10-2000 and RR 8-2000 are the same. Below is the present list of de minimis benefits:

RR 10-2008
 
Monetized unused vacation leave credits of employees not exceeding ten (10) days during the year and the monetized value of leave credits paid to government officials and employees
 
Medical cash allowance to dependents of employees not exceeding P750.00 per employee per semester or P125 per month
 
Rice subsidy of P1,500.00 or one (1) sack of 50-kg. rice per month amounting to not more than P1,500.00
 
Uniforms and clothing allowance not exceeding P4,000.00 per annum
 
Actual yearly medical benefits not exceeding P10,000.00 per annum
 
Laundry allowance not exceeding P300.00 per month;
 
Employees achievement awards, e.g., for length of service or safety achievement, which must be in the form of a tangible personal property other than cash or gift certificate, with an annual monetary value not exceeding P10,000.00 received by the employee under an established written plan which does not discriminate in favor of highly paid employees
 
Gifts given during Christmas and major anniversary celebrations not exceeding P5,000.00 per employee per annum
 
Flowers, fruits, books, or similar items given to employees under special circumstances, e.g., on account of illness, marriage, birth of a baby, etc..
 
Daily meal allowance for overtime work not exceeding twenty five percent (25%) of the basic minimum wage.
 
If you need more clarification you can ym at [email protected]

jcruz

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #6 on: June 24, 2010, 08:49:07 PM »
The general rule is that facilities and privileges of relatively small value, otherwise known as de minimis benefits, are not considered compensation subject to income tax. These benefits are given by the employer to the employee as a means of promoting the health, goodwill, contentment or efficiency of the employees.

Prior to RR 10-2008, the BIR already release RR 5-2008 which amends the list of de minimis benefits exempt from income tax. The list of de minimis benefits under RR 10-2008 and the previous regulations RR 5-2008, 10-2000 and RR 8-2000 are the same. Below is the present list of de minimis benefits:

RR 10-2008
 
Monetized unused vacation leave credits of employees not exceeding ten (10) days during the year and the monetized value of leave credits paid to government officials and employees
 
Medical cash allowance to dependents of employees not exceeding P750.00 per employee per semester or P125 per month
 
Rice subsidy of P1,500.00 or one (1) sack of 50-kg. rice per month amounting to not more than P1,500.00
 
Uniforms and clothing allowance not exceeding P4,000.00 per annum
 
Actual yearly medical benefits not exceeding P10,000.00 per annum
 
Laundry allowance not exceeding P300.00 per month;
 
Employees achievement awards, e.g., for length of service or safety achievement, which must be in the form of a tangible personal property other than cash or gift certificate, with an annual monetary value not exceeding P10,000.00 received by the employee under an established written plan which does not discriminate in favor of highly paid employees
 
Gifts given during Christmas and major anniversary celebrations not exceeding P5,000.00 per employee per annum
 
Flowers, fruits, books, or similar items given to employees under special circumstances, e.g., on account of illness, marriage, birth of a baby, etc..
 
Daily meal allowance for overtime work not exceeding twenty five percent (25%) of the basic minimum wage.
 
If you need more clarification you can ym at [email protected]

thanks po sa clarification re: de minimis.. :D

yung question ko po tungkol sa other non taxable

Quote
So let's say po sundin natin yung example ko above, may 15k 13th month ako so meron na lang akong 15k na natitira para sa other benefits? so kunwari gusto ko siya isama sa allowances meron na lang ako 1250 per month aside sa mga de minimis?

btw, in-add na po kita sa YM.

jnuqui

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #7 on: June 25, 2010, 09:35:56 AM »
the Php 1,250 per month can be in any other form of benefits, we can say that you are paying Php 2,750 in rice subsidy allowance for example, the Php 1,500 goes to De minimis benefits, while the balance of Php 1,250 goes to other benefits.  This benefit will become part of the non-taxable benefits of Php 30,000.  Any benefits other than De minimis, paid in excess of the Php 30,000 non-taxable benefits, is already taxable.

If you have other questions, please feel free to ym me.

xtinay

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #8 on: June 04, 2014, 04:55:19 PM »
15. In this box you will put the Gross compensation, in your case Php 15,000.   16A. In this box you will put the gross amount of compensation pertaining to Minimum Wage Earner, in your example "0" since the Php 15,000 salary is above minium.  16B.  In this box you will put the amount paid for holiday pay, Night Shift, Diff. pay, and Hazard Pay of Minimum Wage earner, in your example "0" since the Php 15,000 salary is above minimum.  16C.  In this box you will put the amount paid for SSS/Philhealth/Pagibig.  17 is the difference of 15 less 16a b c. 

With regards to your example of Php 2,500 as non-taxable, may i know what is the nature of this?



Hi po,
ask ko lang po sana how about pag may MWE employee and above minimum na employee sa company nyo.

for example sa
emp.1=25000
emp.2=18000
emp.3=11000

allowance
emp.1=900
emp.2=900
emp.3=1000

pcheck ko po kung tama.

15. total amt. of compensation
   add(emp1+emp2)
16. non tax compensation
      16a(gross emp3)
      16c(allowance emp1,2 and 3)
17.taxable compensation
      (total 15 minus 16a and 16c)
tama po ba?. pano po yung sa 18? pano sya knukuha?.

thank you po sa sasagot.

TaxGadget

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Re: HELP: Inquiry re: BIR 1601-C form
« Reply #9 on: September 08, 2014, 05:07:02 PM »
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