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)
2. Input the values (amount) for each income/deduction description based on payslip details
3. Review the step-by-step process indicated below on how the values were obtained.
Tax Calculator
Comp Tagging Comp3
Earnings Deductions
Tax Calculator
Earnings
The semi-monthly tax table is used for computing your withholding tax every pay period. Below are the steps in tax com
15,000.00 Step1: Get your NET TAXABLE INCOME (all earnings less absences, tardiness/undertime, sss,
allowance, transpo allow, hazard pay, health bonus, meal allowance, and rice allowance)
P10,417 to16,666 Step2: In that row, find the nearest amount to your Net Taxable Income but not over it.
4,583.00 Step3: Subtract the amount in step2 from your computed Net Taxable Income.
916.60 Step4: Using the same column, multiply the difference (value obtained in step 3) with the corresp
916.60 Step5: Add the amount on top of the percentage to the product obtained in step 4. The final valu
ount) for each income/deduction description based on payslip details
tep process indicated below on how the values were obtained.
x Calculator
Deductions
SSS -
PhilHealth -
Pag-IBIG -
LWOP/Absences -
Tardiness/Undertime -
Loans -
Overpayment Taxable -
Overpayment NonTaxable -
6
P333,333
and above
P100,416.6
7+ 35%
over
P333,333
Taxable Income.
obtained in step 3) with the corresponding percentage found on top of the column.
t obtained in step 4. The final value now pertains to your withholding tax for this pay period.
Before TRAIN
Gross Income 15,000.00 15,000.00
Gross Taxable Income 15,000.00 15,000.00
Net Taxable Income 15,000.00 15,000.00