Salary Computation Help

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Guys, need help in finding out how our salaries are computed.

What percent of our salary is deducted by SSS, Pag-Ibig, W-Tax, etc.

For example, I'm a single guy who is not the head of the family and I have no dependents. What percentage of any salary that I earn will be deducted? is it fair to estimate 25% of my salary be deducted from my basic salary?

[seifadiaz]

Check out BIR's website. Merong Tax table dun na sasagot sa katanungan mo. Also check out SSS, Pagibig, etc. websites.

[Markus]

The percentage deduction depends on your salary bracket. The higher you go up the bracket, the higher the percentage as well. For BIR, it's not a simple percentage but rather there is a fixed amount plus a percentage of the amount above the base. Magulo ba? You better get the tables to be able to compute.

Just to give you an idea, the highest bracket for withholding tax would be around 30+ %.

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www.sikappinoy.com

[my_SeBaSTiaNnE]

The percentage deduction depends on your salary bracket. The higher you go up the bracket, the higher the percentage as well. For BIR, it's not a simple percentage but rather there is a fixed amount plus a percentage of the amount above the base. Magulo ba? You better get the tables to be able to compute.

Just to give you an idea, the highest bracket for withholding tax would be around 30+ %.

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www.sikappinoy.com

it's 30% na lan ba? sabagay, un na ginagamit nun kakilala nowadays para mas sigurado sya sa estimate nun withholding tax nya... :lol:

^Cross^, here is what i got from BIR:
The tax shall be computed in accordance with and at the rates established in the following schedule:
Not over P10,000………………………………… 5%
Over P10,000 but not over P30,000……………… P500+10% of the excess over P10,000
Over P30,000 but not over P70,000……………… P2,500+15% of the excess over P30,000
Over P70,000 but not over P140,000……..……… P8,500+20% of the excess over P70,000
Over P140,000 but not over P250,000…………… P22,500+25% of the excess over P140,000
Over P250,000 but not over P500,000…………… P50,000+30% of the excess over P250,000
Over P500,000 …………………………………… P125,000+34% of the excess over P500,000 in 1998.
Provided, That effective January 1, 1999, the top marginal rate shall be thirty-three percent (33%) and effective January 1, 2000, the said rate shall be thirty-two percent (32%).

Pag-ibig is P100 (fixed ata to)

SSS depends on your salary (i think)

For Philhealth:
Monthly Salary Range - Employee Share (EeS)
4,999.99 and Below - 50
5,000.00 to 5,999.99 - 62.5
6,000.00 to 6,999.99 - 75
7,000.00 to 7,999.99 - 87.5
8,000.00 to 8,999.99 - 100
9,000.00 to 9,999.99 - 112.5
10,000.00 to 10,999.99 - 125
11,000.00 to 11,999.99 - 137.5
12,000.00 to 12,999.99 - 150
13,000.00 to 13,999.99 - 162.5
14,000.00 to 14,999.99 - 175
15,000.00 to 15,999.99 - 187.5
16,000.00 to 16,999.99 - 200
17,000.00 to 17,999.99 - 212.5
18,000.00 to 18,999.99 - 225
19,999.99 to 19,999.99 - 237.5
20,000.00 to 20,999.99 - 250
21,000.00 to 21,999.99 - 262.5
22,000.00 to 22,999.99 - 275
23,000.00 to 23,999.99 - 287.5
24,000.00 to 24,999.99 - 300
25,000.00 and up 25,000.00 - 312.5

[GOwin]

for SSS, it's approximately 3.33% of your gross salary

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thanks a lot for your inputs, guys! much appreciated!