*Loan,banking and credit>>>income tax

What are the income tax rates for the tax deducted from your monthly salary in the Philippines?

Any ideas? I am referring to the tax deducted monthly, not the tax you have to file and pay to the BIR each year. Really appreciate it if you guys can help

in the case of taxes from compensation, your accountant must determine your whole year taxable compensation, and from that amount personal exemptions will be deducted. the amount will varry wether you are single, married, head of the family and additional exemptions for dependent children up to a maximum of four.
the difference becomes your net taxable income for a year. this is where the income tax rates for individual with compensation is applied.
the product will be your income tax liability for the whole year. to lessen the burden of your tax, it is divided into 12 months to give you a monthly deduction from your payroll.

hope this help.

im not hear to specifically answer ur question
but i couldn't help but notice how much ur avi looks like mine
here's a site

http://www.bir.gov.ph/taxinfo/tax_income...
Try this link the figures are a bit old but may still be current.
http://www.philembassy.au.com/download/h...
As far as I know, the tax deducted from taxpayers who registered as single (no dependents) is about 12% of the monthly income. It's kinda high, right? I'm looking around my dilapidated town and still wondering where my taxes actually went.
Actually, they already computed the tax for the whole year but they deduct it monthly..
Depends with your salary rate, the percentage ranges for 5% up to 20%. Thats too much, isn't it.

wink-wink