Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 74,640
SSS
- ₱ 2,649
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 1,200
Total tax
- ₱ 5,499
Net pay
*
₱ 69,141
Marginal tax rate
3.6%
Average tax rate
7.4%
92.6%
Net pay
7.4%
Total tax
Total tax
Net pay
The Taxberg
₱ 69,141
Net pay
₱ 7,854
Tax the employer pays
₱ 5,499
Tax you pay
Total tax paid
₱ 13,354
Did you know your employer also pays tax on your salary? It costs the employer ₱ 7,854 to pay you ₱ 74,640. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.79 goes to the government.
Real tax rate
16.2%
So, with you and the employer both paying tax, what used to be a 7.4% tax rate now rises to 16.2%, meaning your real tax rate is actually 8.8% higher than what it seemed at first.
Summary
If you make ₱ 74,640 a year living in Philippines, you will be taxed ₱ 5,499. That means that your net pay will be ₱ 69,141 per year, or ₱ 5,762 per month. Your average tax rate is 7.4% and your marginal tax rate is 3.6%. 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 ₱ 3.55, hence, your net pay will only increase by ₱ 96.45.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 965 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,823 of net incomes.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
PHP 74640
0.0%
1
Germany
PHP 74640
0.0%
2
Austria
PHP 74640
0.0%
3
Ireland
PHP 74640
0.0%
4
Norway
PHP 74640
0.0%
5
Sweden
PHP 74621
0.0%
6
Spain
PHP 69900
6.4%
7
Switzerland
PHP 67970
8.9%
8
Italy
PHP 67780
9.2%
9
France
PHP 67400
9.7%
10
Czech Republic
PHP 66430
11.0%
11
Luxembourg
PHP 66392
11.1%
12
Russia
PHP 64937
13.0%
13
Hungary
PHP 60832
18.5%
14
Ukraine
PHP 60085
19.5%
15
Poland
PHP 58610
21.5%
16
Greece
PHP 58332
21.9%
17
Portugal
PHP 55569
25.6%
18
Finland
PHP 51688
30.8%
19
Belgium
PHP 50755
32.0%
20
Netherlands
PHP 46961
37.1%
21
Denmark
PHP 46670
37.5%
22
Romania
PHP 43664
41.5%
23
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North America
Country
Net pay
Average tax
Rank
Canada
PHP 70123
6.1%
1
USA
PHP 68175
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
PHP 74640
0.0%
1
Singapore
PHP 74640
0.0%
2
Hong Kong
PHP 74640
0.0%
3
Pakistan
PHP 74008
0.9%
4
Thailand
PHP 70908
5.0%
5
Philippines
PHP 69141
7.4%
6
Indonesia
PHP 68364
8.4%
7
Taiwan
PHP 68034
8.9%
8
South Korea
PHP 66662
10.7%
9
New Zealand
PHP 65765
11.9%
10
India
PHP 65683
12.0%
11
Malaysia
PHP 65539
12.2%
12
China
PHP 64799
13.2%
13
Vietnam
PHP 63463
15.0%
14
Japan
PHP 60651
18.7%
15
Kazakhstan
PHP 59115
20.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
PHP 72867
2.4%
1
Brazil
PHP 69042
7.5%
2
Puerto Rico
PHP 68706
8.0%
3
Colombia
PHP 68669
8.0%
4
Ecuador
PHP 67586
9.5%
5
Guatemala
PHP 67483
9.6%
6
Costa Rica
PHP 66803
10.5%
7
Panama
PHP 66429
11.0%
8
Peru
PHP 65310
12.5%
9
Argentina
PHP 61951
17.0%
10
Chile
PHP 61503
17.6%
11
Uruguay
PHP 61130
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
PHP 73894
1.0%
1
Zambia
PHP 70162
6.0%
2
Morocco
PHP 69609
6.7%
3
Ivory Coast
PHP 66861
10.4%
4
Uganda
PHP 66474
10.9%
5
Kenya
PHP 65210
12.6%
6
Senegal
PHP 64363
13.8%
7
Cameroon
PHP 62975
15.6%
8
Mozambique
PHP 62639
16.1%
9
Ghana
PHP 61945
17.0%
10
Angola
PHP 58636
21.4%
11
Nigeria
PHP 56688
24.1%
12
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Middle East
Country
Net pay
Average tax
Rank
Saudi Arabia
PHP 74640
0.0%
1
United Arab Emirates
PHP 70908
5.0%
2
Qatar
PHP 70908
5.0%
3
Bahrain
PHP 68668
8.0%
4
Oman
PHP 68669
8.0%
5
Kuwait
PHP 66429
11.0%
6
Israel
PHP 64825
13.2%
7
Lebanon
PHP 64149
14.1%
8
Egypt
PHP 62219
16.6%
9
Turkey
PHP 61873
17.1%
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.