How to compute your Annual Income Tax or ITR dues Before you begin, you’ll need to check whether you’re on the 8% Income Tax Rate or the Graduated Income Tax Rate. The easiest way to do this is to check your Certificate of Registration from the BIR. This will indicate which tax sc...
Dividends are a portion of a company’s profits distributed to its shareholders. When a company generates excess cash after meeting its operational and investment needs, it can choose to distribute a portion of those earnings to its shareholders. Dividends are typically paid in the form of cash,...
You can also compute advance tax liability manually using these steps.Step 1: Determine earnings for a given year.Step 2: Calculate gross taxable earnings for a given year.Step 3: Calculate the payable tax amount according to the applicable tax slab....
Compute a weighted sum with the weight pattern 2,1,2,1,2,1 etc except that on multiplying a digit by 2 if you get a 2 digit number you add those digits together. For example 7 x 2=14 then it becomes 1+4=5 Add up all of the results. If the sum ends in zero, then the cred...