To compute your net salary after tax, SSS, Philhealth and Pag-ibig, you need to follow these steps:
1. Find your taxable income by deducting your monthly contributions to SSS, Philhealth and Pag-ibig from your monthly salary. According to the web search results¹⁷, the monthly contributions for a salary of 200,000 pesos are:
- SSS: 2,400 pesos
- Philhealth: 1,100 pesos
- Pag-ibig: 100 pesos
The total deductions are 3,600 pesos. Therefore, your taxable income is 200,000 - 3,600 = 196,400 pesos.
2. Look into the income tax table and determine your tax bracket and rate. According to the web search results¹²³⁴, the income tax table for 2023 is:
| Taxable Income Bracket | Tax Rate |
| ---------------------- | -------- |
| Up to 250,000 pesos | 0% |
| Over 250,000 to 400,000 pesos | 15% of the excess over 250,000 pesos |
| Over 400,000 to 800,000 pesos | 22,500 + 20% of the excess over 400,000 pesos |
| Over 800,000 to 2 million pesos | 102,500 + 25% of the excess over 800,000 pesos |
| Over 2 million to 8 million pesos | 402,500 + 30% of the excess over 2 million pesos |
| Over 8 million pesos | 2.2025 million + 35% of the excess over 8 million pesos |
Since your taxable income is 196,400 pesos, you fall into the first bracket and your tax rate is zero.
3. Compute your income tax by multiplying your taxable income by your tax rate. In your case, your income tax is zero.
4. Subtract your income tax from your taxable income to get your net salary after tax. In your case, your net salary after tax is the same as your taxable income, which is 196,400 pesos.
Therefore, your net salary after tax, SSS, Philhealth and Pag-ibig is **196,400 pesos**.
Source:
(1) Tax Calculator Philippines 2023.
https://taxcalculatorphilippines.com/.
(2) FAST FACTS: What are SSS, GSIS, PhilHealth, Pag-IBIG salary deductions?.
https://www.rappler.com/business/things-to-know-sss-gsis-philhealth-pagibig-salary-monthly-deductions/.
(3) Income Tax Philippines Calculator.
https://www.omnicalculator.com/finance/income-tax-philippines.
(4) Philippines Annual Salary After Tax Calculator 2022.
https://www.icalculator.com/philippines/salary-calculator/annual/2022.html.
(5) Philippines Annual Salary After Tax Calculator 2023.
https://www.icalculator.com/philippines/salary-calculator/annual/2023.html.
(6) Philippines Daily Salary After Tax Calculator 2023.
https://www.icalculator.com/philippines/salary-calculator/daily.html.
(7) How Much are My SSS, Philhealth, HDMF and Pag-Ibig Deductions?.
https://payrollhero.ph/deductions.
(
SSS, Philhealth and Pag-ibig Payment Deadlines and Penalties.
https://mpm.ph/sss-philhealth-pagibig-payment-deadlines-penalties/.
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