Showing posts with label withholding income tax. Show all posts
Showing posts with label withholding income tax. Show all posts

Friday, March 29, 2013

Deductions from Gross Pay of an employee

Deductions from Gross Pay of an employee refers to the amount withheld from employee's pay.

Deductions from Gross Pay are the following:

  1. Withholding Income Tax
  2. SSS or GSIS Premium
  3. Phil-Health Premium
  4. Additional Deductions
    • Advances or Vales
    • Union Dues
    • Pension Fund
    • Charitable Contributions
    • Cooperatives / Credit Unions