The minimum wage exemption, fixed
Version 0.9.14 fixed
Two tax fixes: the minimum wage exemption now applies only at the minimum, and the income tax explainer's working adds up.
This release touched rates or rules. The rate changes themselves, with the issuance behind each, are in .
Changes in this release
Fixed
- The minimum wage earner switch no longer exempts any salary. The exemption applies only at or below the highest regional minimum, under NIRC Sec. 22(HH).Calculator
- Above the minimum, the switch says the wage is taxed and why.Calculator
- The income tax explainer's formula now equals its result: it uses the regular month's own bracket.Calculator
- A separate December line shows the tax on benefits past the ₱90,000 cap.Calculator
4 changes in this release.