Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 122,304
SSS
- ₱ 4,409
PhilHealth
- ₱ 1,770
Pagibig
- ₱ 1,200
Total tax
- ₱ 7,379
Net pay
*
₱ 114,925
Marginal tax rate
5.2%
Average tax rate
6.0%
94.0%
Net pay
6.0%
Total tax
Total tax
Net pay
The Taxberg
₱ 114,925
Net pay
₱ 11,299
Tax the employer pays
₱ 7,379
Tax you pay
Total tax paid
₱ 18,678
Did you know your employer also pays tax on your salary? It costs the employer ₱ 11,299 to pay you ₱ 122,304. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.53 goes to the government.
Real tax rate
14.0%
So, with you and the employer both paying tax, what used to be a 6% tax rate now rises to 14.0%, meaning your real tax rate is actually 8% higher than what it seemed at first.
Summary
If you make ₱ 122,304 a year living in Philippines, you will be taxed ₱ 7,379. That means that your net pay will be ₱ 114,925 per year, or ₱ 9,577 per month. Your average tax rate is 6.0% and your marginal tax rate is 5.2%. 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 ₱ 5.17, hence, your net pay will only increase by ₱ 94.83.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 948 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,742 of net incomes.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
PHP 122304
0.0%
1
Germany
PHP 122304
0.0%
2
Austria
PHP 122304
0.0%
3
Ireland
PHP 122304
0.0%
4
Norway
PHP 122304
0.0%
5
Sweden
PHP 117953
3.6%
6
Spain
PHP 114538
6.4%
7
Switzerland
PHP 112394
8.1%
8
Italy
PHP 111064
9.2%
9
France
PHP 110441
9.7%
10
Czech Republic
PHP 108851
11.0%
11
Luxembourg
PHP 108789
11.1%
12
Russia
PHP 106404
13.0%
13
Hungary
PHP 99678
18.5%
14
Ukraine
PHP 98455
19.5%
15
Poland
PHP 96038
21.5%
16
Greece
PHP 95582
21.9%
17
Portugal
PHP 91055
25.6%
18
Finland
PHP 84696
30.8%
19
Belgium
PHP 83167
32.0%
20
Denmark
PHP 78738
35.6%
21
Netherlands
PHP 76989
37.1%
22
Romania
PHP 71548
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
PHP 111711
8.7%
1
Canada
PHP 110421
9.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
PHP 122304
0.0%
1
Singapore
PHP 122304
0.0%
2
Hong Kong
PHP 122304
0.0%
3
Pakistan
PHP 121584
0.6%
4
Thailand
PHP 116189
5.0%
5
Philippines
PHP 114925
6.0%
6
Indonesia
PHP 112280
8.2%
7
Taiwan
PHP 111479
8.9%
8
South Korea
PHP 109231
10.7%
9
Malaysia
PHP 107874
11.8%
10
New Zealand
PHP 107762
11.9%
11
India
PHP 107628
12.0%
12
China
PHP 106178
13.2%
13
Vietnam
PHP 103989
15.0%
14
Japan
PHP 99383
18.7%
15
Kazakhstan
PHP 96865
20.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
PHP 119399
2.4%
1
Brazil
PHP 113131
7.5%
2
Puerto Rico
PHP 112581
8.0%
3
Colombia
PHP 112520
8.0%
4
Ecuador
PHP 110746
9.5%
5
Guatemala
PHP 110577
9.6%
6
Costa Rica
PHP 109462
10.5%
7
Panama
PHP 108850
11.0%
8
Peru
PHP 107016
12.5%
9
Argentina
PHP 101512
17.0%
10
Chile
PHP 100778
17.6%
11
Uruguay
PHP 100167
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
PHP 121081
1.0%
1
Morocco
PHP 114061
6.7%
2
Zambia
PHP 112304
8.2%
3
Kenya
PHP 106731
12.7%
4
Ivory Coast
PHP 106556
12.9%
5
Cameroon
PHP 103190
15.6%
6
Mozambique
PHP 101637
16.9%
7
Ghana
PHP 99105
19.0%
8
Senegal
PHP 98825
19.2%
9
Uganda
PHP 97383
20.4%
10
Angola
PHP 94955
22.4%
11
Nigeria
PHP 90389
26.1%
12
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Middle East
Country
Net pay
Average tax
Rank
Saudi Arabia
PHP 122304
0.0%
1
United Arab Emirates
PHP 116189
5.0%
2
Qatar
PHP 116189
5.0%
3
Bahrain
PHP 112519
8.0%
4
Oman
PHP 112519
8.0%
5
Kuwait
PHP 108851
11.0%
6
Israel
PHP 106221
13.2%
7
Lebanon
PHP 101804
16.8%
8
Egypt
PHP 96459
21.1%
9
Turkey
PHP 82237
32.8%
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.