Lecture 08: Taxable Income & Tax Due. Taxation of Individuals. [Income Taxation]

Welcome to Sir Win - Accounting Lectures. Ang accounting discussion online pero classroom approach. Hindi review, kundi first view. Kaya asahan ang kaunting jokes, kwento at kung ano ano pang mga segwey na nangyayari sa loob ng classroom
Kung gusto nyo ng kwelang kwento habang natuto ng accounting, try nyo pakinggan ang mga paandar ng channel ko. Motto ko sa education, learning while having fun.... at language na dapat naiintindihan. Lapat dapat sa karanasan.
Taxation. Income Taxation. History of Taxation. Substituted Filing. Self Assessment. BIR. Aspects of Taxation. Definition of Taxation. Purposes of Taxation. Objectives of Taxation. Taxation Doctrine. Lifeblood Doctrine. Ability to pay theory. Holme's Doctrine. Marshall Doctrine. Escape from Taxation. Tax Evasion. Tax Avoidance. Tax Amnesty. Tax Condonation. Direct Duplicate Taxation. Inherent Powers of the State. Limitations of Taxation Power. Inherent Limitation. Constitutional Limitations. Situs of Taxation. Sources of Tax Laws. Philippine Tax Laws and Taxes. National Internal Revenue Code of 1997. Tax Code. Fiscal Adequacy. Theoretical Justice. Administrative Feasibility. Basic Principle of Sound Tax System. Tax Classifications. Classification of Individual Taxpayer. Resident Citizen. Non-Resident Citizen. Resident Alien. Non Resident Alien Engaged in Trade or Business. Non Resident Alien Not Engaged in Trade or Business. Categories of Income. Compensation Income. Business Income. Mixed Income. Passive Income. Capital Gains from Sale of Share of Stock. Capital Gains from sale of real property. Interest. Yield. Royalties. Prizes. Winnings. Dividends. Final Tax. Final Withholding Tax. Compensation Income. De minimis benefits. Tax Due. Taxable Income.
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This UA-cam channel is made for fun accounting classes.
College students, Senior high schools students with Accountancy, Business and Management ABM strand, or anyone with the need for accounting tutorial online can learn from this channel. It even caters Accounting for Non-Accountants.
It discusses the Basics and Fundamentals of Accounting Partnership and Corporation Accounting, Intermediate Accounting, Advance Financial Accounting and Reporting, Taxation, Management Advisory Services, Auditing Theory, Auditing Problems and some other topics that may be included in CPA Licensure Examinations.
The language used is primarily Tagalog for we are Filipinos living in the Philippines. Accounting Jokes and Life Stories are sometimes incorporated with accounting lessons.
Hope you all enjoy this channel that recreates classroom accounting classes delivered online as accounting tutorial or accounting classes.

[@angelovirgo7883]

Thank you sir you are a great teacher

[@lovcruz1313]

Hello sir! You are doing a great job! All of your videos really help many learners! Including me as a ABM student. May I ask sir if you have plan discussing and making stock market lectures? (system, investing, analysis, etc.)

[@joannmesa4506]

Salamat sir s mas maayos n paliwanag may natutunan po ako

[@shaneerikabacor399]

Thanks, Sir Win!

[@celineca-q9o]

GALING mo mag turo sir!!!! salamat!!

[@angeliepalconet2684]

Mas madaling matuto sa gantong way. Parang nasa classroom pa rin ako hahaha

[@edgardosalvador9966]

Thanks sir nakapag sagotnadin ako sa wakas hahahha

[@marklawrencedasig3650]

Thank you sir

[@cynthiavictor5172]

Hello Sir, thank you.. Now I understand..
But may question Ako..
Ano po mangyayari Doon Sa sobra Sa other benifits? Diba total of other benifits is P130,000? Tas 90,000 Lang Yung exempted? Saan napunta Yung P30,000? Salamat.

[@chessresourcesph]

40,000? Siguro yan na yung suject to tax kase 90,000 lang yung pwedeng i exempt.

[@crischingtan2175]

Sir Win, pwede po ba magpaturo How to Compute BI-WEEKLY salary compensation income, for BPO Employed? Considering current train law.

[@kiellabeduya1947]

Hello, Sir Win. If given po sa problem yung salary loan, what will happen sa taxable compensation income? Thank you po.

[@jeromebautista5635]

Hi po new subscriber po. Kapag po ba 400,000 yearly and sahod I less po ba yung 250,000 na tax exempt then yung 150,000 po ba yung cocomputan ng tax base sa train law bracket

[@leahjoyalfarero6343]

hello po, sir Win, thank you so much for giving out such a great video. I am just a little bit confused with the total compensation, sir. I was wondering why the total compensation is 885,000 but I only calculated 775000? I'm not sure how mine lacked 110k ...^^'

[@Patricia-rp6ro]

Hello pooo, add mo lang po lahat maliban po sa mandatory contribution.
600+50+25+50+50+30+80 = 885

[@chessresourcesph]

Hello, baka hindi niyo po na add yung Other Benefits and De Minimis Benefits sa Total Compensation Income.

[@charinabeverlyflores9720]

Hello Sir, San po nakuha yung total COmpesation na 885,000? ang nacompute ko lang pong total compensation is 775,000. Please elaborate. Thank you.

[@Patricia-rp6ro]

Hello pooo, add mo lang po lahat maliban po sa mandatory contribution.
600+50+25+50+50+30+80 = 885

[@chessresourcesph]

Maka hindi niyo po na add yung Other Benefits and De Minimis Benefits sa Total Compensation Income.

[@userfirst1890]

hello po sir meron po ba kaung topic about vatable items? if meron anong link po?

[@rosalindagonzales7060]

Sir ang mandatory contributions po ba na binabawas ay iyong employer and employee contribution?

[@ronalyngolezdiaz3284]

Employee only. Employer contribution is employer's expense.

[@evannegracedelacruz3188]

hello sir! what if ung mandatory personal pag ibig contribution nya which 100 tinaasan nya into 500 does it mean na 500 ung deducton nya or 100 padin?

[@srchafreeen]

100 pa din. taxable na in excess of *mandatory* contri. yung word kasi na ginamit dito ay "mandatory" so dapat *mandatory* lang ang ibabawas which is 100 kasi not required na yung excess na 400. watch mo ulit @1:25

[@ashannaql-ln1yb]

sir paano po naging 90,000 yung other benefits?

[@floritorollon519]

Sir paano po pag compute ng withholding tax due

[@Rod-bp8ow]

2316 for Compensation for employees, employers share of WIT. Private and Public sectors, ICT and NON ICT, 2306 Creditable witheld at SOURCE, 1040 U.S, ACCTS, 1902-Application, 1702Q, Incorporators, respectively. 1902 - Formal and Informal economies Registrations, also updates. Appropriate TAX Code.1914 REIMBURSEMENTS.****\IMPORTANT****