Blog Introduction: Wondering how much tax you need to pay in the Philippines? The Salary Tax Calculator Philippines is a tool that can help make tax calculation easy and fast. Read on to learn how to use it.
The first step is to gather the information needed which includes your gross income, deductions, and exemptions. The next step is to go to the BIR website and click on “eFPS filers”. Once you are on the eFPS website, locate and click on “compute your taxes”. After clicking on “compute your taxes”, a new window will open where you will be asked to fill in your information.
Enter your email address and click “next”. On the next page, enter your personal information such as your name, date of birth, TIN number, etc., and click “next”. The next page will ask for your employment information such as your gross compensation income, total mandatory deductibles, total additional exemptions/deductions, etc. Once you have entered all the necessary information, click “compute”. The last page will show you the computation of your tax due which you can print or save for your records.
The Salary Tax Calculator Philippines is a helpful tool that can make tax calculation easy and fast. By following the steps above, you can quickly compute your taxes and get an idea of how much you need to pay. using this calculator can help ease the burden of tax season so you can focus on more important things.