Compute your mandatory contributions Compute your taxes
 

First, you have to:

1. Determine your basis for premium deduction
2. Determine your schedule of deduction

 


Case 1: Every First Half
Basis = Basic Pay / Gross Pay

  1. Determine the salary bracket using the basis and the mandatory premium table. » Get the Table
  2. The respective employee shares will be your premium contribution.

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Case 2: Every Second Half
Basis = current Basic Pay / Gross Pay + First half Basic Pay / Gross Pay
  1. Determine the salary bracket using the basis and the mandatory premium table. » Get the Table
  2. The respective employee shares will be your premium contribution.

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Case 3: Twice a Month (every period)
Basis = Basic Pay / Gross Pay

For the first half

  1. Determine the salary bracket using the basis and the mandatory premium table. » Get the Table
  2. The respective employee shares will be your premium contribution for the first half.

For the second half

  1. The Basis will be the summation of the basic pay / gross pay of the first half
    and the second half.
  2. Determine the salary bracket using the basis and the mandatory premium table.
  3. The premium amount deducted in the first half should be deducted from the respective employee shares.
  4. The difference is the premium deduction for the second half.

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