Tax Brackets For 2024 Philippines Withholding. If you make ₱ 202,024 a year living in philippines, you will be taxed ₱ 10,841. That means that your net pay will be ₱ 191,183 per year, or ₱ 15,932 per month.
In the philippines, withholding tax on salaries is computed based on graduated tax rates set by the bir. The income tax table in the philippines outlines the tax rates.