Practice question
What is the statutory combined exclusion ceiling for qualifying 13th-month pay and other benefits under Section 32(B)(7)(e)?
- P10,000 for every payment separately
- P90,000 in total under that subparagraph
- Unlimited for every bonus
- P250,000 for each employer’s bonus
- Only the worker’s monthly salary
Legal references
- RA 10963, Sections 5 and 9, individual tax rules and NIRC Section 32(B)(7)(e): https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
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