ANNUAL INCOME TAX CALCULATOR

Computation of Annual Income Tax:

Net Income before tax
Less - Exempstions
Personal exemption 50,000.00
Additional exemptions M3 -
Taxable Income

Bracket Basic Excess

above >>> - 5%
10,000 500 10%
30,000 2,500 15%
70,000 8,500 20%
140,000 22,500 25%
250,000 50,000 30% Basic 2,500.00
500,000 125,000 32% Excess 633.18
Total 3,133.18
Payments 2,822.67
Tax due 310.51

Q1 476.2
Q2 741.4
Q3 1605.07
2,822.67
84,221.17

50,000.00
34,221.17

476.2 741.4 1605.07

BUREAU OF INTERNAL REVENUE
INCOME TAX TABLE
For Individuals Earning Pure Compensation Income
and Individuals Engaged in Business or Practice of Profession

Amount of Net Taxable Income RATE

Over But Not Over  
  P10,000 5%
P10,000 P30,000 P500 + 10% of the Excess over P10,000
P30,000 P70,000 P2,500 + 15% of the Excess over P30,000
P70,000 P140,000 P8,500 + 20% of the Excess over P70,000

P140,000 P250,000 P22,500 + 25% of the Excess over P140,000

P250,000 P500,000 P50,000 + 30% of the Excess over P250,000

P500,000   P125,000 + 32% of the Excess over P500,000

in 2000 and onward
 BUREAU OF INTERNAL REVENUE
REVISED WITHHOLDING TAX TABLE (Version 2)
Effective January 01, 2018 to December 31, 2022

DAILY 1 2 3 4 5 6
Compensation Range P685 and below P686—P1,095 P1,096—P2,191 P2,192—P5,478 P5,479—P21,917 P21,918 and above

Prescribed P0.00 P0.00 P82.19 P356.16 P1,342.47 P6,602.74

Withholding Tax +20% over P686 +25% over P1,096 +30% over P2,192 +32% over P5,479 +35% over P21,918

WEEKLY 1 2 3 4 5 6
Compensation Range P4,808 and below P4,809—P7,691 P7,692—P15,384 P15,385—P38,461 P38,462—P153,845 P153,846 and above

Prescribed P0.00 P0.00 P576.92 P2,500.00 P9,423.08 P43,346.15

Withholding Tax +20% over P4,809 +25% over P7,692 +30% over P15,385 +32% over P38,462 +35% over P153,846

SEMI-MONTHLY 1 2 3 4 5 6
Compensation Range P10,417 and below P10,418—P16,666 P16,667—P33,332 P33,333—P83,332 P83,333—P333,332 P333,333 and above

Prescribed P0.00 P0.00 P1,250.00 P5,416.67 P20,416.67 P100,416.67

Withholding Tax +20% over P10,418 +25% over P16,667 +30% over P33,333 +32% over P83,333 +35% over P333,333

MONTHLY 1 2 3 4 5 6
Compensation Range P20,833 and below P20,834—P33,332 P33,333—P66,666 P66,667—P166,666 P166,667—P666,666 P666,667 and above

Prescribed P0.00 P0.00 P2,500.00 P10,833.33 P40,833.33 P200,833.33

Withholding Tax +20% over P20,834 +25% over P33,333 +30% over P66,667 +32% over P166,667 +35% over P666,667
***as of 01/03/2018
BUREAU OF INTERNAL REVENUE
INCOME TAX TABLE
For Individuals Earning Pure Compensation Income
and Individuals Engaged in Business or Practice of Profession

Amount of Net Taxable Income RATE

Over But Not Over  
  P250,000 Exempt

P250,000 P400,000 P0 + 20% of the Excess over P250,000

P400,000 P800,000 P30,000 + 25% of the Excess over P400,000

P800,000 P2,000,000 P130,000 + 30% of the Excess over P800,000

P490,000 + 32% of the Excess over

P2,000,000 P8,000,000
P2,000,000

P2,410,000 + 35% of the Excess over

P8,000,000  
P8,000,000
GRADUATED VS SIMPLIFIED TAX SCHEME
(Provided for under RA ____, TRAIN)

For Gross Sales/Receipts amounting to 3,000,000.00

GRADUATED COMMUTED 8%

A. Percentage Tax
Tax Base 3,000,000.00
x Percentage Tax Rate 3%
Percentage Tax Liability 90,000.00

B. Income Tax
Tax Base 3,000,000.00
Less: Cost of Sales 15% 450,000.00 0%
Gross Margin 2,550,000.00
Less: Operating Expenses 15% 382,500.00 0%
Net Income 2,167,500.00
Less: Exemption 250,000.00
Taxable Income 1,917,500.00
Income Tax
For the First 130,000.00 -
Excess 30% 536,250.00 8%
Income Tax Liability 536,250.00

TOTAL TAX LIABILITIES 626,250.00

COMMUTED 8% OSD

3,000,000.00 3,000,000.00
0% 3%
- 90,000.00

3,000,000.00 3,000,000.00
- 0% -
3,000,000.00 3,000,000.00
- 40% 1,200,000.00
3,000,000.00 1,800,000.00
250,000.00 250,000.00
2,750,000.00 1,550,000.00

130,000.00
220,000.00 30% 465,000.00
220,000.00 465,000.00

220,000.00 555,000.00