New Income Tax Brackets For 2024 Philippines. The annual salary comparison calculator is updated with the latest income tax rates in philippines for 2024 and is a great calculator for working out your income tax and. This bir tax calculator helps you easily compute your income tax, add up your monthly contributions, and give you your total net monthly income.

Federal tax rates and brackets. Employees with annual income up to php 250,000 (or php 20,833 monthly) are still exempt from paying income tax.