Tax
Taxable income
The part of your pay the income tax is worked out on: gross pay less SSS, PhilHealth, Pag-IBIG and tax-free items.
Most useful for: Fresh grad, Career shifter
- In real life
- ₱30,000 less ₱2,450 in contributions is ₱27,550 taxable a month, ₱330,600 a year.
- Why it matters to you
- Your contributions lower your tax a little, because they come off first.
An explanation to help you read your pay, not a ruling on your case. Your employer, the agency or DOLE has the final word.