Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 4,745
SSS
- ₱ 440
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 47.51
Total tax
- ₱ 2,138
Net pay
* ₱ 2,607
Marginal tax rate
1.0%
Average tax rate
45.0%
55.0%
Net pay
45.0%
Total tax
Total tax
Net pay
Summary
If you make ₱ 4,745 a year living in Philippines, you will be taxed ₱ 2,138. That means that your net pay will be ₱ 2,607 per year, or ₱ 217 per month. Your average tax rate is 45.1% and your marginal tax rate is 1.0%. 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 ₱ 1, hence, your net pay will only increase by ₱ 99.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 990 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,950 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.