Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 23,004
SSS
- ₱ 898
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 460
Total tax
- ₱ 3,009
Net pay
*
₱ 19,995
Marginal tax rate
4.9%
Average tax rate
13.1%
86.9%
Net pay
13.1%
Total tax
Total tax
Net pay
The Taxberg
₱ 19,995
Net pay
₱ 3,807
Tax the employer pays
₱ 3,009
Tax you pay
Total tax paid
₱ 6,816
Did you know your employer also pays tax on your salary? It costs the employer ₱ 3,807 to pay you ₱ 23,004. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.96 goes to the government.
Real tax rate
25.4%
So, with you and the employer both paying tax, what used to be a 13.1% tax rate now rises to 25.4%, meaning your real tax rate is actually 12.3% higher than what it seemed at first.
Summary
If you make ₱ 23,004 a year living in Philippines, you will be taxed ₱ 3,009. That means that your net pay will be ₱ 19,995 per year, or ₱ 1,666 per month. Your average tax rate is 13.1% and your marginal tax rate is 4.9%. 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 ₱ 4.94, hence, your net pay will only increase by ₱ 95.06.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 951 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,753 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.