Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 1,040,000
SSS
- ₱ 6,976
PhilHealth
- ₱ 6,600
Pagibig
- ₱ 1,200
Tax Due
- ₱ 197,984
Total tax
- ₱ 212,760
Net pay
*
₱ 827,240
Marginal tax rate
30.4%
Average tax rate
20.5%
79.5%
Net pay
20.5%
Total tax
Total tax
Net pay
The Taxberg
₱ 827,240
Net pay
₱ 20,976
Tax the employer pays
₱ 212,760
Tax you pay
Total tax paid
₱ 233,736
Did you know your employer also pays tax on your salary? It costs the employer ₱ 20,976 to pay you ₱ 1,040,000. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.25 goes to the government.
Real tax rate
22.0%
So, with you and the employer both paying tax, what used to be a 20.5% tax rate now rises to 22.0%, meaning your real tax rate is actually 1.5% higher than what it seemed at first.
Summary
If you make ₱ 1,040,000 a year living in Philippines, you will be taxed ₱ 212,760. That means that your net pay will be ₱ 827,240 per year, or ₱ 68,937 per month. Your average tax rate is 20.5% and your marginal tax rate is 30.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of ₱ 100 in your salary will be taxed ₱ 30.36, hence, your net pay will only increase by ₱ 69.64.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 696 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 3,482 of net incomes.
Europe
Country
Net pay
Average tax
Rank
Ireland
PHP 1030410
0.9%
1
United Kingdom
PHP 1008459
3.0%
2
Switzerland
PHP 961618
7.5%
3
France
PHP 906227
12.9%
4
Russia
PHP 904800
13.0%
5
Norway
PHP 900185
13.4%
6
Spain
PHP 899070
13.6%
7
Luxembourg
PHP 884096
15.0%
8
Austria
PHP 878899
15.5%
9
Hungary
PHP 847600
18.5%
10
Czech Republic
PHP 845310
18.7%
11
Ukraine
PHP 837200
19.5%
12
Italy
PHP 829804
20.2%
13
Germany
PHP 815208
21.6%
14
Greece
PHP 777624
25.2%
15
Sweden
PHP 772403
25.7%
16
Poland
PHP 736978
29.1%
17
Portugal
PHP 703614
32.3%
18
Finland
PHP 697776
32.9%
19
Denmark
PHP 696152
33.1%
20
Belgium
PHP 680776
34.5%
21
Netherlands
PHP 654471
37.1%
22
Romania
PHP 608400
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
PHP 900411
13.4%
1
Canada
PHP 773730
25.6%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
PHP 987135
5.1%
1
Australia
PHP 961360
7.6%
2
Thailand
PHP 951123
8.6%
3
Taiwan
PHP 946302
9.0%
4
South Korea
PHP 898702
13.6%
5
Pakistan
PHP 883648
15.0%
6
New Zealand
PHP 877700
15.6%
7
Indonesia
PHP 871270
16.2%
8
Malaysia
PHP 870127
16.3%
9
Japan
PHP 837489
19.5%
10
Singapore
PHP 829025
20.3%
11
Philippines
PHP 827240
20.5%
12
Kazakhstan
PHP 827089
20.5%
13
Vietnam
PHP 788135
24.2%
14
China
PHP 734150
29.4%
15
India
PHP 726157
30.2%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
PHP 940280
9.6%
1
Puerto Rico
PHP 937344
9.9%
2
Costa Rica
PHP 930800
10.5%
3
Ecuador
PHP 922960
11.3%
4
Colombia
PHP 908787
12.6%
5
Panama
PHP 883339
15.1%
6
Chile
PHP 845466
18.7%
7
Mexico
PHP 837341
19.5%
8
Peru
PHP 804052
22.7%
9
Uruguay
PHP 789917
24.1%
10
Brazil
PHP 786848
24.3%
11
Argentina
PHP 675593
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
PHP 874664
15.9%
1
Mozambique
PHP 781054
24.9%
2
Angola
PHP 766733
26.3%
3
Morocco
PHP 759356
27.0%
4
Kenya
PHP 757631
27.2%
5
Ivory Coast
PHP 747869
28.1%
6
Ghana
PHP 746292
28.2%
7
Nigeria
PHP 714676
31.3%
8
Cameroon
PHP 705279
32.2%
9
Uganda
PHP 693193
33.4%
10
Senegal
PHP 685051
34.1%
11
Zambia
PHP 656677
36.9%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
PHP 988000
5.0%
1
Qatar
PHP 988000
5.0%
2
Bahrain
PHP 956800
8.0%
3
Oman
PHP 956800
8.0%
4
Saudi Arabia
PHP 936000
10.0%
5
Kuwait
PHP 925600
11.0%
6
Israel
PHP 903233
13.2%
7
Egypt
PHP 796159
23.5%
8
Lebanon
PHP 791066
23.9%
9
Turkey
PHP 593907
42.9%
10
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NOTE* Withholding is calculated based on the tables of Philippines, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.