An Act Excluding 13th Month Pay From The Computation Of Taxable Income, Amending For This Purpose Section 32 (B) (7) (E) Of The National Internal Revenue Code Of 1997, As Amended

• This bill, expected to benefit an estimated 39.8 M employees from the private and public sector, seeks to exclude the 13^th month pay from the computation of taxable income resulting in more financial resources for the workers.