Tax
₱250,000 tax-free threshold
The first ₱250,000 of taxable income a year pays no income tax.
Most useful for: Fresh grad
- In real life
- That's about ₱20,833.33 of taxable pay a month. Below it, no income tax is withheld.
- Why it matters to you
- Many first jobs pay no income tax at all, only SSS, PhilHealth and Pag-IBIG.
An explanation to help you read your pay, not a ruling on your case. Your employer, the agency or DOLE has the final word.