Taxable Income 2024 Philippines. The result is then multiplied by 100 to express the effective tax rate as a percentage. You just need to enter your monthly income and then use the calculator to compute your taxable income, monthly tax due, and net pay after deductions.

The corporate tax rate in the philippines is 25%, with a minimum corporate income tax (mcit) of 2% on gross income. Over the medium term, the government.