Income tax calculator Philippines

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 29,000
SSS
- ₱ 1,075
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 580
Total tax
- ₱ 3,305
Net pay
* ₱ 25,695
Marginal tax rate
5.0%
Average tax rate
11.4%
88.6%
Net pay
11.4%
Total tax
Total tax
Net pay
The Taxberg
₱ 25,695
Net pay
₱ 4,261
Tax the employer pays
₱ 3,305
Tax you pay
Total tax paid
₱ 7,566
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,261 to pay you ₱ 29,000. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.61 goes to the government.
Real tax rate
22.7%
So, with you and the employer both paying tax, what used to be a 11.4% tax rate now rises to 22.7%, meaning your real tax rate is actually 11.3% higher than what it seemed at first.
People also ask
₱ 29,000 yearly is how much per hour?
₱ 11.62 hourly is how much per year?
What is the average salary in Philippines?
Summary
If you make ₱ 29,000 a year living in Philippines, you will be taxed ₱ 3,305. That means that your net pay will be ₱ 25,695 per year, or ₱ 2,141 per month. Your average tax rate is 11.4% and your marginal tax rate is 5.0%. 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 ₱ 4.95, hence, your net pay will only increase by ₱ 95.05.
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.
Compare average tax
Tax per income
₱ 19,050
₱ 19,100
₱ 19,150
₱ 19,200
₱ 19,250
₱ 19,300
₱ 19,350
₱ 19,400
₱ 19,450
₱ 19,500
₱ 19,550
₱ 19,600
₱ 19,650
₱ 19,700
₱ 19,750
₱ 19,800
₱ 19,850
₱ 19,900
₱ 19,950
₱ 20,000
North America
Country 
Net pay
Average tax
Rank
Canada
PHP 28542
1.6%
1
USA
PHP 26488
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
PHP 29000
0.0%
1
Singapore
PHP 29000
0.0%
2
Hong Kong
PHP 29000
0.0%
3
Pakistan
PHP 28368
2.2%
4
Thailand
PHP 27550
5.0%
5
Indonesia
PHP 26448
8.8%
6
Taiwan
PHP 26433
8.9%
7
South Korea
PHP 25900
10.7%
8
Philippines
PHP 25695
11.4%
9
New Zealand
PHP 25552
11.9%
10
India
PHP 25520
12.0%
11
Malaysia
PHP 25395
12.4%
12
China
PHP 25176
13.2%
13
Vietnam
PHP 24657
15.0%
14
Japan
PHP 23565
18.7%
15
Kazakhstan
PHP 22968
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
PHP 28311
2.4%
1
Brazil
PHP 26825
7.5%
2
Puerto Rico
PHP 26694
8.0%
3
Colombia
PHP 26680
8.0%
4
Ecuador
PHP 26260
9.5%
5
Guatemala
PHP 26219
9.6%
6
Costa Rica
PHP 25955
10.5%
7
Panama
PHP 25810
11.0%
8
Peru
PHP 25375
12.5%
9
Argentina
PHP 24070
17.0%
10
Chile
PHP 23896
17.6%
11
Uruguay
PHP 23751
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
PHP 28710
1.0%
1
Uganda
PHP 27461
5.3%
2
Zambia
PHP 27260
6.0%
3
Morocco
PHP 27045
6.7%
4
Ivory Coast
PHP 26825
7.5%
5
Senegal
PHP 26420
8.9%
6
Ghana
PHP 26145
9.8%
7
Kenya
PHP 25691
11.4%
8
Mozambique
PHP 24738
14.7%
9
Cameroon
PHP 24468
15.6%
10
Nigeria
PHP 23320
19.6%
11
Angola
PHP 23283
19.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
PHP 29000
0.0%
1
United Arab Emirates
PHP 27550
5.0%
2
Qatar
PHP 27550
5.0%
3
Bahrain
PHP 26681
8.0%
4
Oman
PHP 26680
8.0%
5
Lebanon
PHP 25893
10.7%
6
Kuwait
PHP 25810
11.0%
7
Egypt
PHP 25607
11.7%
8
Israel
PHP 25187
13.2%
9
Turkey
PHP 24430
15.8%
10
Show more
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.