2024 Tax Calculator Philippines Excel. The philippines expects to lose 5.9 billion pesos ($100.89 million) in tax revenue from the new law from 2025 to 2028, according to a document prepared by the president's. First, you subtract the cost of sales from your gross income, and then apply a 40% deduction to that amount.

Download a professionally designed payroll calculator to help you run your payroll in excel and track your employee payments and hours. Your average tax rate is 5.4%.