Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 31,616
SSS
- ₱ 1,216
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 632
Total tax
- ₱ 3,498
Net pay
*
₱ 28,118
Marginal tax rate
7.9%
Average tax rate
11.1%
88.9%
Net pay
11.1%
Total tax
Total tax
Net pay
The Taxberg
₱ 28,118
Net pay
₱ 4,579
Tax the employer pays
₱ 3,498
Tax you pay
Total tax paid
₱ 8,077
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,579 to pay you ₱ 31,616. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.55 goes to the government.
Real tax rate
22.3%
So, with you and the employer both paying tax, what used to be a 11.1% tax rate now rises to 22.3%, meaning your real tax rate is actually 11.2% higher than what it seemed at first.
Summary
If you make ₱ 31,616 a year living in Philippines, you will be taxed ₱ 3,498. That means that your net pay will be ₱ 28,118 per year, or ₱ 2,343 per month. Your average tax rate is 11.1% and your marginal tax rate is 7.9%. 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 ₱ 7.93, hence, your net pay will only increase by ₱ 92.07.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 921 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,604 of net incomes.
North America
Country
Net pay
Average tax
Rank
Canada
PHP 31116
1.6%
1
USA
PHP 28878
8.7%
2
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.