Income tax calculator Philippines

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 37,440
SSS
- ₱ 1,329
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 744
Total tax
- ₱ 3,723
Net pay
* ₱ 33,717
Marginal tax rate
4.8%
Average tax rate
9.9%
90.1%
Net pay
9.9%
Total tax
Total tax
Net pay
The Taxberg
₱ 33,717
Net pay
₱ 4,904
Tax the employer pays
₱ 3,723
Tax you pay
Total tax paid
₱ 8,627
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,904 to pay you ₱ 37,440. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.30 goes to the government.
Real tax rate
20.4%
So, with you and the employer both paying tax, what used to be a 9.9% tax rate now rises to 20.4%, meaning your real tax rate is actually 10.5% higher than what it seemed at first.
People also ask
₱ 37,440 yearly is how much per hour?
₱ 15 hourly is how much per year?
What is the average salary in Philippines?
Summary
If you make ₱ 37,440 a year living in Philippines, you will be taxed ₱ 3,723. That means that your net pay will be ₱ 33,717 per year, or ₱ 2,810 per month. Your average tax rate is 9.9% and your marginal tax rate is 4.8%. 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 ₱ 4.81, hence, your net pay will only increase by ₱ 95.19.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 952 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,760 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 36849
1.6%
1
USA
PHP 34197
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
PHP 37440
0.0%
1
Singapore
PHP 37440
0.0%
2
Hong Kong
PHP 37440
0.0%
3
Pakistan
PHP 36808
1.7%
4
Thailand
PHP 35568
5.0%
5
Indonesia
PHP 34145
8.8%
6
Taiwan
PHP 34126
8.9%
7
Philippines
PHP 33717
9.9%
8
South Korea
PHP 33438
10.7%
9
New Zealand
PHP 32988
11.9%
10
India
PHP 32947
12.0%
11
Malaysia
PHP 32888
12.2%
12
China
PHP 32504
13.2%
13
Vietnam
PHP 31833
15.0%
14
Japan
PHP 30423
18.7%
15
Kazakhstan
PHP 29652
20.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
PHP 36551
2.4%
1
Brazil
PHP 34632
7.5%
2
Puerto Rico
PHP 34464
8.0%
3
Colombia
PHP 34445
8.0%
4
Ecuador
PHP 33902
9.5%
5
Guatemala
PHP 33850
9.6%
6
Costa Rica
PHP 33509
10.5%
7
Panama
PHP 33322
11.0%
8
Peru
PHP 32760
12.5%
9
Argentina
PHP 31075
17.0%
10
Chile
PHP 30851
17.6%
11
Uruguay
PHP 30663
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
PHP 37066
1.0%
1
Uganda
PHP 35430
5.4%
2
Zambia
PHP 35194
6.0%
3
Morocco
PHP 34917
6.7%
4
Ivory Coast
PHP 34632
7.5%
5
Senegal
PHP 34135
8.8%
6
Ghana
PHP 32943
12.0%
7
Kenya
PHP 32552
13.1%
8
Mozambique
PHP 31975
14.6%
9
Cameroon
PHP 31589
15.6%
10
Angola
PHP 29858
20.3%
11
Nigeria
PHP 29740
20.6%
12
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.