Update as of October 18, GRANT OF FY 2021 YEAR-END BONUS AND CASH GIFT | All Benefits up to 82, 000 are now Tax Exempted

In this post, we are sharing with you the latest update on the Grant of FY 2021 Year-End Bonus and Cash Gift.

GRANT OF FY 2021 YEAR-END BONUS AND CASH GIFT
Thank you ACT Teachers Partylist!
Through ACT Teachers Rep. Antonio L. Tinio, Principal Author of R.A 10653 (Higher Income Tax Exemption of 13th Month Pay and Other Bonuses), all benefits up to a maximum amount of P82,000 are now tax exempted.

TAGUMPAY NG ACT TEACHERS

RA 10653

Tax Exemption of the 13th Month Pay and Other Bonuses

Read full text of the Memorandum below:

Download the Memo Here!

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Source:https://www.facebook.com/qcpstateachers/