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REPUBLIC ACT No. 10653 – PHP75,000.00 CAP FOR INCOME TAX EXEMPTION OF THE 13TH MONTH PAY/OTHER BENEFITS
AN ACT ADJUSTING THE 13TH MONTH PAY AND OTHER BENEFITS
CEILING EXCLUDED FROM THE COMPUTATION OF GROSS INCOME FOR PURPOSES OF INCOME
TAXATION, AMENDING FOR THE PURPOSE SECTION 32 (B), CHAPTER VI OF THE NATIONAL
INTERNAL REVENUE CODE OF 1997, AS AMENDED