1. What is Philippine Income Tax?

The Philippine income tax is a tax imposed on the income of individuals and corporations in the Philippines. This calculator helps compute the monthly tax based on the annual tax amount.

2. How Monthly Tax is Calculated

The calculator uses the simple formula:

Where:

• Monthly Tax — The tax amount to be paid each month
• Annual Tax — The total tax amount for the year

Explanation: This calculation evenly distributes the annual tax burden across 12 months.

3. Importance of Tax Calculation

Details: Accurate tax calculation ensures compliance with Philippine tax laws and helps in financial planning for both individuals and businesses.

4. Using the Calculator

Tips: Enter the annual tax amount in Philippine Pesos (PHP). The value must be greater than 0.

5. Frequently Asked Questions (FAQ)

Q1: Is this calculator official?
A: No, this is a general calculator for estimation purposes. Always consult with the BIR for official tax computations.

Q2: Does this include all tax types?
A: No, this only calculates monthly payments based on annual tax. Other taxes may apply.

Q3: What if my income varies each month?
A: This calculator assumes equal monthly payments. Variable income may require different calculations.

Q4: Are there deductions included?
A: No, this calculates based on the final annual tax amount after all deductions.

Q5: When are monthly taxes due?
A: Typically due on the 10th day of the following month, but check with BIR for current regulations.