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INSTRUCTIONS: 1.        Simply indicate the tax status (S – single, M – married, HF – Head of the Family, etc.


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

Tax Status HF2/M2

Earnings Deductions

Basic Pay 15,000.00 SSS -


Overtime Pay PhilHealth -
Night Differential Pag-IBIG
Language Allowance LWOP/Absences
Certification Allowance Tardiness/Undertime
Technical Allowance Loans
Incentive Allowance Overpayment Taxable
Other Taxable Income Overpayment NonTaxable
Other NonTaxable Income
Hazard Pay Withholding Tax 2,208.43
Rice Allowance
Laundry Allowance
Clothing Allowance

Gross Income 15,000.00


Gross Taxable Income 15,000.00 Total Deductions 2,208.43
Net Taxable Income 15,000.00

Net Pay 12,791.57


INSTRUCTIONS: 1.        Input the values (amount) for each income/deduction descriptio
2.        Review the step-by-step process indicated below on how the va

Tax Calculator
Earnings

Basic Pay 15,000.00


Overtime Pay -
Night Differential -
Language Allowance -
Certification Allowance -
Technical Allowance -
Incentive Allowance -
Other Taxable Income -
Other NonTaxable Income -
Hazard Pay -
Rice Allowance -
#REF! -
#REF! -
#REF!
#REF!

Gross Income 15,000.00


Gross Taxable Income 15,000.00
Net Taxable Income 15,000.00

New withholding tax table


Semi- Monthly
1 2 3 4 5
employees
Compensation P10,417 P10,417 P16,667 to P33,333 to P83,333 to
Range and below to16,666 33,332 83,332 333,332

0.00 + 20% P1,250.00 + P20,416.67 +


Prescribed Minimum over 25% over P5,416.67 + 32% over
WithholdingTax 0 P10,417 P16,667 30%over P33,333 P83,333

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 -

Withholding Tax 916.60

Total Deductions 916.60

Net Pay 14,083.40

6
P333,333
and above
P100,416.6
7+ 35%
over
P333,333

od. Below are the steps in tax computation:


bsences, tardiness/undertime, sss, pag-ibig, philhealth, ot meal
wance, and rice allowance)
e Income but not over it.

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

Withholding tax 2,208.43 916.60 Decrease

Net Pay 12,791.57 14,083.40

Increase in net pay 1,291.83 Increase