Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 11,024
SSS
- ₱ 440
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 110
Total tax
- ₱ 2,200
Net pay
*
₱ 8,824
Marginal tax rate
1.0%
Average tax rate
20.0%
80.0%
Net pay
20.0%
Total tax
Total tax
Net pay
The Taxberg
₱ 8,824
Net pay
₱ 2,591
Tax the employer pays
₱ 2,200
Tax you pay
Total tax paid
₱ 4,792
Did you know your employer also pays tax on your salary? It costs the employer ₱ 2,591 to pay you ₱ 11,024. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 4.35 goes to the government.
Real tax rate
35.2%
So, with you and the employer both paying tax, what used to be a 20% tax rate now rises to 35.2%, meaning your real tax rate is actually 15.2% higher than what it seemed at first.
Summary
If you make ₱ 11,024 a year living in Philippines, you will be taxed ₱ 2,200. That means that your net pay will be ₱ 8,824 per year, or ₱ 735 per month. Your average tax rate is 20.0% and your marginal tax rate is 1.0%. 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 ₱ 1, hence, your net pay will only increase by ₱ 99.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 990 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,950 of net incomes.
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.