GOVERNMENT and private employees are expected to get a bigger take home pay this year following President Benigno Aquino 3rd's signing into law of the measure increasing the tax exemption cap for 13th month pay and other benefits.
Senator Sonny Angara, the sponsor of the bill, said the 13th month pay and other benefits, including productivity incentives and Christmas bonuses not exceeding P82,000 will be exempted from tax effective this year.
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