Income Tax

It’s tax season! It’s that time of the year where we fulfill our duty as good citizens by contributing a small portion of your income to the country. ​ Source: memes.com Yup! If you’re receiving a regular paycheck, it is common that your employer will deduct monthly tax payments from your employment income and submit the Monthly Tax Deduction (MTD) to IRB every month. It is also important that you understand your taxes so you can avoid paying more than you’re supposed to.  While understanding the criteria for tax computation could be a tedious process, it doesn’t necessarily