Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 20,315
SSS
- ₱ 291
PhilHealth
- ₱ 275
Pagibig
- ₱ 50
Tax Due
- ₱ 2,008
Total tax
- ₱ 2,623
Net pay
*
₱ 17,692
Marginal tax rate
25.0%
Average tax rate
12.9%
87.1%
Net pay
12.9%
Total tax
Total tax
Net pay
The Taxberg
₱ 17,692
Net pay
₱ 874
Tax the employer pays
₱ 2,623
Tax you pay
Total tax paid
₱ 3,497
Did you know your employer also pays tax on your salary? It costs the employer ₱ 874 to pay you ₱ 20,315. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.72 goes to the government.
Real tax rate
16.5%
So, with you and the employer both paying tax, what used to be a 12.9% tax rate now rises to 16.5%, meaning your real tax rate is actually 3.6% higher than what it seemed at first.
Summary
If you make ₱ 487,560 a year living in Philippines, you will be taxed ₱ 62,964. That means that your net pay will be ₱ 424,596 per year, or ₱ 35,383 per month. Your average tax rate is 12.9% and your marginal tax rate is 25.0%. 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 ₱ 25.03, hence, your net pay will only increase by ₱ 74.97.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 750 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 3,749 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.