Summary
If you make ₱ 4,290,000 a year living in Philippines, you will be taxed ₱ 1,318,447. That means that your net pay will be ₱ 2,971,553 per year, or ₱ 247,629 per month. Your average tax rate is 30.7% and your marginal tax rate is 34.7%. 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 ₱ 34.67, hence, your net pay will only increase by ₱ 65.33.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 653 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 3,267 of net incomes.