How we calculate this
This calculator estimates statutory deductions based on standard 2024 rates (SSS based on MSC table, PhilHealth at 5% shared, Pag-IBIG at PHP 200 max). It then deducts these along with your stated non-taxable allowances to derive your Net Taxable Income.
The resulting taxable income is run through the latest BIR Monthly Withholding Tax Table to find the exact tax due.
Disclaimer: This is for estimation purposes only. Actual computations may vary based on exact attendance and specific company policies.