How

will your income tax payments change

..

Please enter the needed

OLD TAX CODE RA 10963
information in the boxes
below: Annual Gross Income (A+C): P260,000 P260,000
Monthly salary: Less:
Non-taxable income (B+C) P46,100 P46,100
P20,000
Exemptions (D) P75,000 n/a
A. Annual salary: P240,000 Health Insurance P0 n/a
Monthly mandatory Equals:
contributions: Net taxable income P138,900 P213,900
SSS
P1,800.00
GSIS Estimated tax due: P22,280 P0
Philhealth P275.00

Pag-ibig P100.00
Your additional take-home P22,280
B. Total annual income per year:
contributions: P26,100
C. 13th month pay
& other benefits
P22,280
P20,000 or P1,857 per month
D. No. of qualified
dependents Your tax will increase/decrease by:
1

-100.0% What you are paying..

P0
What you will pay ..

Note: Calculations are only estimates and will not necessarily reflect your actual tax liability