Summary
If you make ₱ 131,399,316 a year living in Philippines, you will be taxed ₱ 49,410,347. That means that your net pay will be ₱ 81,988,969 per year, or ₱ 6,832,414 per month. Your average tax rate is 37.6% and your marginal tax rate is 37.9%. 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 ₱ 37.92, hence, your net pay will only increase by ₱ 62.08.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 621 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 3,104 of net incomes.