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.