All individuals can contribute to the Home and Development Mutual Fund (HDMF), more commonly known to many as PAG-IBIG, when they reach 18 years old. For all employees, HDMF contribution is automatic as soon as they are hired by a company and start earning a salary - but how do you calculate your pag-ibig contribution? Read this article to learn how to calculate yours today!
The BIR issues a lot of forms that employers, and sometimes employees, need to submit when filing for such payments as income tax or withholding tax. One of the important forms that all employees must be aware of is the BIR Form 2316.