Revised Tax Exemptions schemes

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To illustrate this:

If you are earning Php500,000.00 a year, married w/ 4 kids.

[SIZE=2]old exemption: 52T[/SIZE]
[SIZE=2]50T + 30% of >250T[/SIZE]
[SIZE=2]500T - 52T = 448T - 250T = 198T x .30 = 59,400 + 50T = Php109,400.00 tax per year or Php9,116.66 per month[/SIZE]

[SIZE=2]new exemption: 150T[/SIZE]
[SIZE=2][SIZE=2]50T + 30% of >250T[/SIZE]
[SIZE=2]500T - 150T = 350T - 250T = 100T x .30 = 30,000 + 50T = Php80,000.00 tax per year or Php6,666.66 per month[/SIZE]

** saving of at least Php2,500.00 per month on tax.
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