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    Income Tax Rate Table for Individual Taxpayers in the Philippines

    This is the regular income tax rate table or schedule used for computing income tax due for Individuals Earning Purely Compensation Income and Individuals Engaged in Business and Practice of Profession:

    TAX TABLE
    If TAXABLE INCOME is: TAX DUE is:
    Not over P 10,000 5%
    Over P 10,000 but not over P 30,000 P 500 + 10% of the excess over P 10,000
    Over P 30,000 but not over P 70,000 P 2,500 + 15% of the excess over P 30,000
    Over P 70,000 but not over P 140,000 P 8,500 + 20% of the excess over P 70,000
    Over P 140,000 but not over P 250,000 P 22,500 + 25% of the excess over P 140,000
    Over P 250,000 but not over P 500,000 P 50,000 + 30% of the excess over P 250,000
    Over P 500,000 P 125,000 + 32% of the excess over P 500,000
    Read business and other related articles at BusinessTips.Ph
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  2. #2

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