Practice question
A resident citizen employee has exactly P400,000 of taxable compensation income for 2026, with no other income or special treatment. What income tax results under the schedule effective from 2023 onward, before withholding credits?
- P0
- P30,000
- P60,000
- P80,000
- P22,500
Legal references
- NIRC Section 24(A), as amended by RA 10963, Section 5: https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
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