In order for you to process your 1601C form (Monthly Remittance Return of Income Taxes Withheld on Compensation), you would need:
A list of your employees
Compensation details for each staff
Before you start:
Collate your employee(s) necessary information such as TIN, Last Name, First Name, Employment From, Rate, Region, Sub Filling, Wage Type, and Exemption Code.
To learn more about adding an employee in JuanTax, check out this link: Add/Edit/Upload an Employee
2. Compensations
You have two options in adding compensations in JuanTax:
A. Import your Compensations using a CSV file
B. Add your Compensation(s) manually one by one
To import your list of compensations, you would need to have a CSV spreadsheet file that will contain all the necessary information such as Employee TIN, Basic Pay, Payment Date, and Tax Withheld. Other optional fields are Holiday Pay, Overtime Pay, Night Shift Differential Pay, Hazard Pay, and Other than Non-Taxable Compensation.
STEP 1: From the sidebar menu click on Tax Forms then Compensation.
STEP 2: On the Compensations page, click on the (+) add/plus icon on the upper right part of the page to generate a new report.
STEP 3: Enter the Year and Month you wish to create the report for.
STEP 4: Once the report has been created, select the Sources tab and click on the up arrow icon to import the CSV file
STEP 5: Browse your file and click the Next button to proceed with the setup. Please take note that you first need to add your employees in order to successfully import your compensation data.
STEP 6: Map the required corresponding fields and hit the Next button.
STEP 7: Review your imported data then click the Next button to proceed.
STEP 8: Finish the import by clicking Done.
STEP 1: On the Reports page, select the Sources tab, then click on the (+) add/plus icon to add compensation.
STEP 2: Enter information such as Basic Pay, Non-Taxable Compensation, Other than Non-Taxable Compensation as well as Gross Income and Tax Amount. After that, click the Save Changes button to update your list.
Note: If you're adding an employee in the Compensations window that is not part of your employee list, you still need to enter the employee’s basic information by clicking the Add as New Employee button. This will prompt a modal where you can enter the employee’s data.
For Above Minimum Wage Earner (AMWE):
Required fields: Employee Information, Payment Date, and Gross Compensation
Optional fields: 13th Month Pay and Other Benefits, De Minimis, SSS, GSIS, PHIC, Pag-IBIG & Union Dues, Salaries and Other Forms of Compensation and Tax Due
Disabled fields: Statutory Minimum Wage for Minimum Wage Earners (MWEs), Holiday Pay, Overtime Pay, Night Shift Differential Pay, and Hazard Pay
For Minimum Wage Earner (MWE):
Required fields: Employee Information, Payment Date, Gross Compensation, and Statutory Minimum Wage for Minimum Wage Earners (MWEs).
Optional fields: 13th Month Pay and Other Benefits, Holiday Pay, Overtime Pay, Night Shift Differential Pay, Hazard Pay De Minimis, SSS, GSIS, PHIC, Pag-IBIG & Union Dues, Salaries, and Other Forms of Compensation
Disabled fields: Tax Due
You can also click the plus icon (+) if you need to add another employee.
Helpful Links:
Step by Step of Processing Your Tax Return
