Income tax calculator Philippines

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 35,040
SSS
- ₱ 1,308
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 701
Total tax
- ₱ 3,659
Net pay
* ₱ 31,381
Marginal tax rate
2.0%
Average tax rate
10.4%
89.6%
Net pay
10.4%
Total tax
Total tax
Net pay
The Taxberg
₱ 31,381
Net pay
₱ 4,821
Tax the employer pays
₱ 3,659
Tax you pay
Total tax paid
₱ 8,480
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,821 to pay you ₱ 35,040. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.42 goes to the government.
Real tax rate
21.3%
So, with you and the employer both paying tax, what used to be a 10.4% tax rate now rises to 21.3%, meaning your real tax rate is actually 10.9% higher than what it seemed at first.
People also ask
₱ 35,040 yearly is how much per hour?
₱ 14.04 hourly is how much per year?
What is the average salary in Philippines?
Summary
If you make ₱ 35,040 a year living in Philippines, you will be taxed ₱ 3,659. That means that your net pay will be ₱ 31,381 per year, or ₱ 2,615 per month. Your average tax rate is 10.4% and your marginal tax rate is 2.0%. 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 ₱ 2, hence, your net pay will only increase by ₱ 98.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 980 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,900 of net incomes.
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 34486
1.6%
1
USA
PHP 32005
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
PHP 35040
0.0%
1
Singapore
PHP 35040
0.0%
2
Hong Kong
PHP 35040
0.0%
3
Pakistan
PHP 34408
1.8%
4
Thailand
PHP 33288
5.0%
5
Indonesia
PHP 31956
8.8%
6
Taiwan
PHP 31939
8.9%
7
Philippines
PHP 31381
10.4%
8
South Korea
PHP 31295
10.7%
9
New Zealand
PHP 30874
11.9%
10
India
PHP 30835
12.0%
11
Malaysia
PHP 30674
12.5%
12
China
PHP 30420
13.2%
13
Vietnam
PHP 29793
15.0%
14
Japan
PHP 28473
18.7%
15
Kazakhstan
PHP 27752
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
PHP 34208
2.4%
1
Brazil
PHP 32412
7.5%
2
Puerto Rico
PHP 32255
8.0%
3
Colombia
PHP 32237
8.0%
4
Ecuador
PHP 31729
9.5%
5
Guatemala
PHP 31680
9.6%
6
Costa Rica
PHP 31361
10.5%
7
Panama
PHP 31186
11.0%
8
Peru
PHP 30660
12.5%
9
Argentina
PHP 29083
17.0%
10
Chile
PHP 28873
17.6%
11
Uruguay
PHP 28698
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
PHP 35040
0.0%
1
United Arab Emirates
PHP 33288
5.0%
2
Qatar
PHP 33288
5.0%
3
Bahrain
PHP 32237
8.0%
4
Oman
PHP 32237
8.0%
5
Lebanon
PHP 31207
10.9%
6
Kuwait
PHP 31186
11.0%
7
Egypt
PHP 30765
12.2%
8
Israel
PHP 30432
13.2%
9
Turkey
PHP 29518
15.8%
10
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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.