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TAX-PH Snippets
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| import { computation } from './common' | |
| /** | |
| * @var int represents the maximum safe integer in JavaScript | |
| */ | |
| const maxINT = Number.MAX_SAFE_INTEGER; | |
| /** | |
| * ------------------------------------------------------ | |
| * Annual Tax Table | |
| * ------------------------------------------------------ | |
| * | |
| * https://www.pinoymoneytalk.com/new-income-tax-table-rates-philippines/ | |
| * | |
| * Table Result: | |
| * | |
| * | Bracket | Taxable Income Per Year | Income Tax Rate | | |
| * |--------- |--------------------------------|------------------------------------------------ | | |
| * | 1 | ₱250,000 and below | 0% | | |
| * | 2 | ₱250,001 to ₱400,000 | 20% of the excess over ₱250,000 | | |
| * | 3 | ₱400,001 to ₱800,000 | ₱30,000 + 25% of the excess over ₱400,000 | | |
| * | 4 | ₱800,001 to ₱2,000,000 | ₱130,000 + 30% of the excess over ₱800,000 | | |
| * | 5 | ₱2,000,001 to ₱8,000,000 | ₱490,000 + 32% of the excess over ₱2,000,000 | | |
| * | 6 | Above ₱8,000,001 | ₱2,410,000 + 35% of the excess over ₱8,000,000 | | |
| * | |
| */ | |
| export const annualTaxTable = [ | |
| { from: 0, to: 250000, plus: 0, percentage: 0, excessOver: 0, computation, }, | |
| { from: 250001, to: 400000, plus: 0, percentage: 20, excessOver: 250000, computation, }, | |
| { from: 400001, to: 800000, plus: 303000, percentage: 25, excessOver: 400000, computation, }, | |
| { from: 800001, to: 2000000, plus: 130000, percentage: 30, excessOver: 800000, computation, }, | |
| { from: 2000001, to: 8000000, plus: 490000, percentage: 32, excessOver: 2000000, computation, }, | |
| { from: 8000001, to: maxINT, plus: 2410000, percentage: 35, excessOver: 8000000, computation, }, | |
| ] | |
| /** | |
| * ------------------------------------------------------ | |
| * Monthly Tax Table | |
| * ------------------------------------------------------ | |
| * | |
| * https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2018/WT%20table.pdf | |
| * | |
| * Table Result: | |
| * | |
| * | Bracket | Taxable Income per year | Income Tax Rate | | |
| * |--------- |------------------------- |----------------------------------------------- | | |
| * | 1 | ₱20,833 and below | 0% | | |
| * | 2 | ₱20,833 to ₱33,332 | 20% of the excess over ₱20,833 | | |
| * | 3 | ₱33,333 to ₱66,666 | ₱2,500 + 25% of the excess over ₱33,333 | | |
| * | 4 | ₱66,667 to ₱166,666 | ₱10,833.33 + 30% of the excess over ₱66,667 | | |
| * | 5 | ₱166,667 to ₱666,666 | ₱40,833.33 + 32% of the excess over ₱166,667 | | |
| * | 6 | Above ₱666,667 | ₱200,833.33 + 35% of the excess over ₱666,667 | | |
| * | |
| */ | |
| export const monthlyTaxTable = [ | |
| { from: 0, to: 20833, plus: 0, percentage: 0, excessOver: 0, computation, }, | |
| { from: 20833, to: 33332, plus: 0, percentage: 20, excessOver: 20833, computation, }, | |
| { from: 33333, to: 66666, plus: 2500, percentage: 25, excessOver: 33333, computation, }, | |
| { from: 66667, to: 166666, plus: 10833.33, percentage: 30, excessOver: 66667, computation, }, | |
| { from: 166667, to: 666666, plus: 40833.33, percentage: 32, excessOver: 166667, computation, }, | |
| { from: 666667, to: maxINT, plus: 200833.33, percentage: 35, excessOver: 666667, computation, }, | |
| ] | |
| /** | |
| * ------------------------------------------------------ | |
| * Semi Monthly Tax Table | |
| * ------------------------------------------------------ | |
| * | |
| * https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2018/WT%20table.pdf | |
| * | |
| * Table Result: | |
| * | |
| * | Bracket | Compensation Range | Income Tax Rate | | |
| * |--------- |--------------------- |---------------------------------------------- | | |
| * | 1 | ₱10,417 and below | 0% | | |
| * | 2 | ₱10,417 to ₱16,666 | 20% of the excess over ₱10,417 | | |
| * | 3 | ₱16,667 to ₱33,332 | ₱1,250 + 25% of the excess over ₱16,667 | | |
| * | 4 | ₱33,333 to ₱83,332 | ₱5,416.67 + 30% of the excess over ₱33,333 | | |
| * | 5 | ₱83,333 to ₱333,332 | ₱20,416.67 + 32% of the excess over ₱83,333 | | |
| * | 6 | Above ₱333,333 | ₱100,416.67 + 35% of the excess over ₱333,333 | | |
| * | |
| */ | |
| export const semiMonthlyTaxTable = [ | |
| { from: 0, to: 10417, plus: 0, percentage: 0, excessOver: 0, computation, }, | |
| { from: 10417, to: 16666, plus: 0, percentage: 20, excessOver: 10417, computation, }, | |
| { from: 16667, to: 33332, plus: 1250, percentage: 25, excessOver: 16667, computation, }, | |
| { from: 33333, to: 83332, plus: 5416.67, percentage: 30, excessOver: 33333, computation, }, | |
| { from: 83333, to: 333332, plus: 20416.67, percentage: 32, excessOver: 83333, computation, }, | |
| { from: 333333, to: maxINT, plus: 100416.67, percentage: 35, excessOver: 333333, computation, }, | |
| ] |
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| /** | |
| * Main formula for computing the tax | |
| * | |
| * @param {number} salary | |
| */ | |
| export const computation = function (salary) { | |
| return this.plus + ( (this.percentage / 100) * (salary - this.excessOver) ) | |
| } | |
| /** | |
| * Apply computation based on the range of salary | |
| * | |
| * @param {number} salary | |
| * @param {array} table | |
| */ | |
| export const computationFromTable = (salary, table) => { | |
| return table | |
| .filter(item => item.from <= salary && item.to >= salary) | |
| .map(item => { | |
| if (typeof item.computation === 'function') | |
| return item.computation(salary) | |
| return item.computation | |
| })[0] | |
| } | |
| // other code is ommitted for brevity. |
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| import { computationFromTable } from './common' | |
| /** | |
| * ------------------------------------------------------ | |
| * (SSS) Social Security System | |
| * ------------------------------------------------------ | |
| * | |
| * https://www.sss.gov.ph/sss/DownloadContent?fileName=2019_Contribution_Schedule.pdf | |
| * | |
| */ | |
| const sssTable = () => { | |
| let resultTable = [], | |
| baseContribution = 100 | |
| const contributionIncrement = 20, | |
| rangeIncrement = 500 | |
| for (let range = 2250; range < 19750; range += rangeIncrement) { | |
| resultTable.push({ | |
| from: range, | |
| to: range + (rangeIncrement - 0.01), | |
| computation: baseContribution.toFixedFloat(2) | |
| }) | |
| baseContribution += contributionIncrement | |
| } | |
| // Manually add the first and last Range of Compensation. | |
| resultTable.unshift({ from: 0, to: 2249.99, computation: 80 }) | |
| resultTable.push({ from: 19750, to: Number.MAX_SAFE_INTEGER, computation: 800 }) | |
| return resultTable | |
| } | |
| /** | |
| * ------------------------------------------------------ | |
| * (GSIS) Government Service Insurance System | |
| * ------------------------------------------------------ | |
| * | |
| * https://www.gsis.gov.ph/active-members/contributions/ | |
| * | |
| */ | |
| const gsisContribution = (salary) => 0.09 * salary | |
| /** | |
| * ------------------------------------------------------ | |
| * (PAGIBIG) Pagtutulungan sa Kinabukasan: Ikaw, Bangko, | |
| * Industria at Gobyerno | |
| * ------------------------------------------------------ | |
| * | |
| * https://powerpinoys.com/new-pagibig-contribution-table/ | |
| * | |
| */ | |
| const pagibigContribution = (salary) => { | |
| // If you are an employee who earns more than P5,000 monthly, your salary will | |
| // automatically be deducted P100. Similarly, your employer should pay P100. | |
| if (salary > 5000) return 100 | |
| // Return the 2% of your monthly salary | |
| return salary * 0.02 | |
| } | |
| /** | |
| * ------------------------------------------------------ | |
| * (Philhealth) Philippine Health Insurance Corporation | |
| * ------------------------------------------------------ | |
| * | |
| * https://www.philhealth.gov.ph/advisories/2018/adv2018-0003.pdf | |
| * | |
| * | |
| * | Monthly Salary Range | Monthly Premium | Personal Share | Employer Share | | |
| * |----------------------------- |------------------------- |----------------------- |----------------------- | | |
| * | ₱10,000 and below | ₱275.00 | ₱137.50 | ₱137.50 | | |
| * | ₱10,000.01 up to ₱39,999.99 | ₱275.50 up to ₱1,099.99 | ₱137.50 up to ₱549.99 | ₱137.50 up to ₱549.99 | | |
| * | ₱40,000 and above | ₱1,100.00 | ₱550.00 | ₱550.00 | | |
| * | |
| */ | |
| const philhealthTable = [ | |
| { from: 0, to: 10000, computation: 137.50 }, | |
| { from: 10000.01, to: 39999.99, computation: (salary) => (salary * 0.0275) / 2 }, | |
| { from: 40000, to: Number.MAX_SAFE_INTEGER, computation: 550 }, | |
| ] | |
| /** | |
| * Caculate each contributions | |
| * | |
| * @param {number} salary | |
| */ | |
| const contributions = (salary) => { | |
| const sss = computationFromTable(salary, sssTable()).toFixedFloat(2), | |
| gsis = gsisContribution(salary).toFixedFloat(2), | |
| pagibig = pagibigContribution(salary).toFixedFloat(2), | |
| philhealth = computationFromTable(salary, philhealthTable).toFixedFloat(2) | |
| return { | |
| sss, | |
| gsis, | |
| pagibig, | |
| philhealth, | |
| } | |
| } | |
| export default contributions |
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