HB 10275

An Act Increasing the Annual Income Tax Exemption Threshold of Individual Taxpayers to One Million Pesos (P1,000,000.00) Through a Phased and Indexed Tax Relief Schedule, Increasing the Tax-Exempt Ceiling for Thirteenth Month Pay and Other Benefits, Strengthening Tax Administration to Preserve Revenue Adequacy, Amending for the Purpose Sections 24 and 32 of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes