Income tax calculator Philippines
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₱ 5,341
SSS
- ₱ 440
PhilHealth
- ₱ 1,650
Pagibig
- ₱ 53.47
Total tax
- ₱ 2,144
Net pay
*
₱ 3,197
Marginal tax rate
1.0%
Average tax rate
40.1%
59.9%
Net pay
40.1%
Total tax
Total tax
Net pay
The Taxberg
₱ 3,197
Net pay
₱ 2,535
Tax the employer pays
₱ 2,144
Tax you pay
Total tax paid
₱ 4,678
Did you know your employer also pays tax on your salary? It costs the employer ₱ 2,535 to pay you ₱ 5,341. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 8.76 goes to the government.
Real tax rate
59.4%
So, with you and the employer both paying tax, what used to be a 40.1% tax rate now rises to 59.4%, meaning your real tax rate is actually 19.3% higher than what it seemed at first.
Summary
If you make ₱ 5,341 a year living in Philippines, you will be taxed ₱ 2,144. That means that your net pay will be ₱ 3,197 per year, or ₱ 266 per month. Your average tax rate is 40.1% and your marginal tax rate is 1.0%. 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 ₱ 1, hence, your net pay will only increase by ₱ 99.
Bonus Example
A ₱ 1,000 bonus will generate an extra ₱ 990 of net incomes. A ₱ 5,000 bonus will generate an extra ₱ 4,950 of net incomes.
North America
Country
Net pay
Average tax
Rank
Canada
PHP 5257
1.6%
1
USA
PHP 4878
8.7%
2
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.