2019 Income Tax Calculator
The Tax Reform for Acceleration and Inclusion (TRAIN) bill, one of the top priorities of the Duterte administration, aims to increase the take-home pay of Filipinos starting January 1, 2018.
It introduces a lower income tax bracket for low-income earners and additional excise tax on certain products like cars, gasoline, and beverages.
Compute your updated annual income tax using this calculator.
Income Tax Computation
- Not over P250,000: 0%
- Over P250,000 but not over P400,000: 20% of the excess over P250,000
- Over P400,000 but not over P800,000: P30,000 + 25% of the excess over P400,000
- Over P800,000 but not over P2 million: P130,000 + 30% of the excess over P800,000
- Over P2 million but not over P8 million: P490,000 + 32% of the excess over P2 million
- Over P8 million: P2,410,000 + 35% of the excess over P8 million
For the self-employed
- P250,000 and below: 0%
- P500,000 and below: Exempt from 3% percentage tax
- Below P3 million: 8% flat tax on gross sales or follow personal income tax schedule
- Over P3 million: subject to new income tax schedule
- 4% for cars up to P600,000
- 10% for cars over P600,000 but under P1 million
- 20% for cars over P1 million but under P4 million
- 50% for cars over P4 million
- Diesel: P2.50 in 2018, P4.50 in 2019, and P6 in 2020
- LPG: P1 in 2018, P2 in 2019, and P3 in 2020
- Gas: P7 in 2018, P9 in 2019, and P10 in 2020. The excise tax on gasoline has been P4.35 for the longest time
- Raw food
- Agricultural products
- Health and education
- Senior citizens
- Renewable energy
- Tourism enterprises
- BPOs in special economic zones
- Socialized housing
- Leases below P15,000 per month
- Condominium association dues
Related articles about the new income tax in the Philippines:
- Tax Reform 2018: When Can You Expect The Changes To Happen?
- How Your Income Tax Will Be Computed Under The New Proposed Program
- Will These Tax Reform Proposals Do Good For The Philippine Economy?
- How The Tax Reform For Acceleration And Inclusion Will Affect Consumer Behavior