Salary Calculation Formula:
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The Salary Calculator Philippines 2025 computes your take-home pay by subtracting mandatory deductions (Income Tax, SSS, PhilHealth, and Pag-IBIG) from your gross salary. It helps employees and employers estimate net salary based on current contribution rates.
The calculator uses the following formula:
Where:
Details: Understanding salary deductions helps with financial planning, ensures proper compensation, and verifies employer payroll calculations.
Tips: Enter your annual gross salary in PHP. The calculator will estimate all mandatory deductions and your net take-home pay based on 2025 rates.
Q1: Are these calculations exact?
A: This provides estimates based on standard rates. Actual deductions may vary based on specific circumstances.
Q2: How often are contribution rates updated?
A: SSS, PhilHealth, and Pag-IBIG rates may change annually. This calculator uses projected 2025 rates.
Q3: Are bonuses included in gross salary?
A: For accurate results, include all taxable compensation in your gross salary input.
Q4: What about other deductions?
A: This calculator only includes mandatory government deductions. Other deductions (loans, insurance, etc.) would further reduce net pay.
Q5: Is this calculator suitable for self-employed?
A: No, self-employed individuals have different contribution schemes and tax calculations.