Tax Brackets 2024 Philippines . It is determined by your taxable income and based on the graduated tax rates set by the bureau of internal revenue (bir). The ₱ 20,000.00 figure defined is taxable income, not an annual gross salary.
That means that your net pay will be ₱ 829 per year, or ₱ 69.06 per month. Calculate your income tax, social security and pension.
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