Summary
If you make ₱ 1,842,984 a year living in Philippines, you will be taxed ₱ 472,313. That means that your net pay will be ₱ 1,370,671 per year, or ₱ 114,223 per month. Your average tax rate is 25.6% and your marginal tax rate is 33.3%. 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 ₱ 33.33, hence, your net pay will only increase by ₱ 66.67.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 667 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 3,334 of net incomes.