Bill Type
Congress Name
Long Title
AN ACT EXEMPTING FROM INCOME TAX THE OVERTIME PAY OF EMPLOYEES EARNING NOT MORE THAN [TWENTY THOUSAND PESOS (P20,000)] IN MONTHLY WAGE OR COMPENSATION
Date filed
July 31, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01620 |
| FULL TITLE : AN ACT EXEMPTING FROM INCOME TAX THE OVERTIME PAY OF EMPLOYEES EARNING NOT MORE THAN [TWENTY THOUSAND PESOS (P20,000)] IN MONTHLY WAGE OR COMPENSATION |
| ABSTRACT : The bill exempts from income taxation the overtime pay received by employees whose monthly wage or salary is not more than P20,000. |
| PRINCIPAL AUTHOR/S : ROMULO, ROMAN T. |
| DATE FILED : 2007-07-31 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2008-02-26 |
| 2. Under deliberation by the Mother Committee on 2008-03-04 |
| 3. Under deliberation by the Mother Committee on 2008-03-11 |
| 4. Approved by the Committee on 2008-04-22 |
| 5. Committee Report filed on 2008-04-28 |
| MOTHER BILL: HB03971 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2007-08-13 |
Abstract
The bill exempts from income taxation the overtime pay received by employees whose monthly wage or salary is not more than P20,000.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.