Summary
If you make ₱ 1,476,024 a year living in Philippines, you will be taxed ₱ 353,051. That means that your net pay will be ₱ 1,122,973 per year, or ₱ 93,581 per month. Your average tax rate is 23.9% and your marginal tax rate is 32.5%. 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 ₱ 32.50, hence, your net pay will only increase by ₱ 67.50.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 675 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 3,375 of net incomes.