The bigger the gross income or salary, the bigger the deductions. This is an inescapable fact. So, before you sign that Job Offer, make sure that your net income or salary is within your ideal range.

In 2020, I created an income tax calculator to help compute your estimated monthly withholding tax. The intent was to give you an estimate of your remaining salary after all the tax deductions.

Effective January 2022, PhilHealth will still retain its 3% premium rate from the year 2020 instead of using the planned 4% increase for 2022. The lowest combined (employer-employee) contribution amount will be Php300, while the ceiling contribution is Php1800.