Tax Tables

Tax Tables provided by the BIR are kept on this screen and are pre-loaded into Preceda when delivered.

Prerequisites

  • No prerequisites

Rules and Guidelines

  • Tax Tables are updated each year by the Security Officer when advised.
  • Any changes made to this record must be fully tested to ensure the results comply exactly with tax tables published by the BIR.
  • Under no circumstances will responsibility be taken for inaccurate tax calculations arising from incorrect manual changes of these records.

Field Information

Since the implementation of the Tax Reform for Acceleration and Inclusion Act (aka TRAIN) in 2017, the only supported Tax Code in Preceda is 'Z'.

This is a reference to the frequency of the amounts displayed in the below fields.

This is the low/ bottom value for this Taxable Income Range of the employee.

This is the high/ top value for this Taxable Income Range of the employee.

This is the value deducted from the total Taxable Income before the Tax Percent above Base is applied to calculate the tax on this Income Range.

This is the Tax Rate % to be applied to Taxable Income within this Income Range.

This is the value of the Tax on the Tax Exemption value, which reflects the tax total from the earlier Income Ranges.