New Tax Calculator 2018

Comparing the Republic Act 10963 and Senate Bill 1592 and House Bill 5636 "Tax Reform Acceleration and Inclusion (TRAIN)" versus the Tax Rate of 2017.

Salary Data

13th month pay, SSS, Philhealth and HDMF will be auto calculated.

TAX CALCULATOR - Republic Act 10963

Monthly Annual
Basic Pay 0 0
Other Taxable Income 0 0
Other Nontaxable Income 0 0
Other Benefits 0
13th Month Pay 0
Total Income 0 0
SSS 0 0
Philhealth 0 0
HDMF 0 0
Withholding Tax 0 0
Total Deduction 0 0
NET PAY 0 0

TAX CALCULATOR - Tax Rate 2017

Monthly Annual
Basic Pay 0 0
Other Taxable Income 0 0
Other Nontaxable Income 0 0
Other Benefits 0
13th Month Pay 0
Total Income 0 0
SSS 0 0
Philhealth 0 0
HDMF 0 0
Withholding Tax 0 0
Total Deduction 0 0
NET PAY 0 0

Basis of Tax Calculator - Republic Act 10963

From To Fixed Rate
0 250,000.00 0 0
250,000.00 400,000.00 0 20%
400,000.00 800,000.00 30,000.00 25%
800,000.00 2,000,000.00 130,000.00 30%
2,000,000.00 8,000,000.00 490,000.00 32%
8,000,000.00 and above 2,410,000.00 35%

Note: RA 10963 totally removes personal exemptions while increasing the nontaxable other benefits to P90,000 a year. This will be valid from January 1, 2018 upto December 31, 2022. After that, tax will further decrease to, 0, 15%, 20%, 25%, 30%, 35% respectively. While 8M bracket will retain its tax rate, its fixed tax will decrease to P2,202,500

New Philhealth Contribution for 2018 was used.

Basis of Tax Calculator - Tax Rate of 2017

From To Fixed Rate
0 10,000.00 0 5%
10,000.00 30,000.00 500 10%
30,000.00 70,000.00 2,500.00 15%
70,000.00 140,000.00 8,500.00 20%
140,000.00 250,000.00 22,500.00 25%
250,000.00 500,000.00 50,000.00 30%
500,000.00 and above 125,000.00 32%

Note: 50K personal exemptions plus 25K for every qualified dependent, max of 4. 82K nontaxable other benefits.

New Philhealth Contribution for 2018 was used.

TAX CALCULATOR - Senate Bill 1592

Monthly Annual
Basic Pay 0 0
Other Taxable Income 0 0
Other Nontaxable Income 0 0
Other Benefits 0
13th Month Pay 0
Total Income 0 0
SSS 0 0
Philhealth 0 0
HDMF 0 0
Withholding Tax 0 0
Total Deduction 0 0
NET PAY 0 0

TAX CALCULATOR - House Bill 5636

Monthly Annual
Basic Pay 0 0
Other Taxable Income 0 0
Other Nontaxable Income 0 0
Other Benefits 0
13th Month Pay 0
Total Income 0 0
SSS 0 0
Philhealth 0 0
HDMF 0 0
Withholding Tax 0 0
Total Deduction 0 0
NET PAY 0 0

Basis of Tax Calculator - Senate Bill 1592

From To Fixed Rate
0 150,000.00 0 0
150,000.00 250,000.00 0 15%
250,000.00 400,000.00 15,000.00 20%
400,000.00 800,000.00 45,000.00 25%
800,000.00 2,000,000.00 145,000.00 30%
2,000,000.00 and above 505,000.00 32%

Note: Senate Bill 1592 removes the Php 50,000 personal exemptions for single and married, but retain the dependents of Php 25,000 each, maximum of 4.

Basis of Tax Calculator - House Bill 5636

From To Fixed Rate
0 250,000.00 0 0
250,000.00 400,000.00 0 20%
400,000.00 800,000.00 30,000.00 25%
800,000.00 2,000,000.00 130,000.00 30%
2,000,000.00 5,000,000.00 490,000.00 32%
5,000,000.00 and above 1,450,000.00 35%

Note: House Bill 5636 totally removes personal exemptions.




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