Tax now follows RR 11-2018: BIR's withholding table each payday, with the year squared in December
Version 1.30.0Latest8 changed, 1 removed, 1 fixed
Payroll takes tax each payday using BIR's withholding table for your pay period, and squares the year in December or when you leave. PinaSweldo now works it out the same way, step by step, and no longer offers a choice of method. Your year's tax doesn't change.
This release touched rates or rules. The rate changes themselves, with the issuance behind each, are in .
Changes in this release
Changed
- Each payday's tax is BIR's withholding table for your pay period: twice a month, monthly or weekly, following the paydays you set. At ₱30,000 a month that's ₱503.70 a payday, ₱1,007.40 a month.Calculator
- The tax explainer shows the working in order: your taxable pay, the table for your payday, the year's tax, and what December's payroll does to square it.Calculator
- Paydays and tax explains how payroll withholds instead of asking you to pick a method.Calculator
- Your year takes the tax on a bonus past ₱90,000 in the month it's paid, at the rate your regular pay is on, then squares the year in December or with your last pay if you leave.Calculator
- Check my payslip recognises a payroll that spreads the year's tax evenly, and says that BIR's table is the rule.Calculator
- The glossary's withholding tax, annualization and year-end adjustment entries, and the withholding tax guide, say when each one applies.Guides
- The note under your result and on the terms page says plainly that these are estimates, not reviewed by a CPA, a lawyer or any government agency.Site
- The new lines in all 16 languages.Languages
Removed
10 changes in this release.