Summary
If you make ₱ 1,871,501 a year living in Philippines, you will be taxed ₱ 481,863. That means that your net pay will be ₱ 1,389,638 per year, or ₱ 115,803 per month. Your average tax rate is 25.8% and your marginal tax rate is 33.5%. 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 ₱ 33.50, hence, your net pay will only increase by ₱ 66.50.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 665 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 3,325 of net incomes.