In the Philippines, the applicable minimum wage is set by region. There is no national minimum wage. Applicable minimum wage is determined by the region the employer's company is incorporated.
The minimum salary is around PHP 13,500 per month.
In the Philippines, the applicable minimum wage is set by region. There is no national minimum wage. Applicable minimum wage is determined by the region the employer's company is incorporated.
The minimum salary is around PHP 13,500 per month.
The individual income tax ranges from 0% to 35%. Income tax is calculated according to progressive rates. Multiple additional factors may impact overall rates such as the household status and the number of children.
Gross Annual Income | Tax Rate (%) |
---|---|
Up to PHP 250,000 | 0% |
Up to PHP 400,000 | 20% |
Up to PHP 800,000 | 25% |
Up to PHP 2,000,000 | 30% |
Up to PHP 8,000,000 | 30% |
Over PHP 8,000,000 | 35% |
The employer cost is generally estimated at 10.57% of the employee salary.
Philippine Health Insurance Corporation (PhilHealth): 2%
Social Security: 8.57%
Home Development Fund (HDMF): PHP 100
Philippine Health Insurance Corporation (PhilHealth) contribution is capped at PHP 1,600/month.
Social Security contributions are capped at PHP 2,880/month.
Standard working hours are 8 hours per day, 40 hours per week. The standard workweek is from Monday to Friday.
Overtime payment is mandatory and can’t be included in the salary. Hours outside of standard work hours are considered overtime. For additional hours, employees are paid: