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Net Hourly = Gross - (Tax + Contributions)/hours
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The Hourly Rate Calculator helps Filipino workers determine their actual take-home pay per hour after accounting for taxes and contributions. It provides a clear picture of your net earnings from your gross income.
The calculator uses the formula:
Where:
Explanation: The equation calculates your actual hourly earnings by subtracting the per-hour value of your taxes and contributions from your gross hourly rate.
Details: Understanding your net hourly rate helps in financial planning, negotiating salaries, comparing job offers, and making informed decisions about overtime work or additional employment.
Tips: Enter your gross income in PHP, total tax deductions, total contributions, and hours worked. All values must be positive numbers with hours greater than zero.
Q1: What deductions are included in Philippine payroll?
A: Typical deductions include income tax, SSS contributions, PhilHealth premiums, Pag-IBIG contributions, and sometimes union dues or other voluntary deductions.
Q2: How often should I calculate my net hourly rate?
A: It's good practice to calculate this whenever your salary, deductions, or work hours change significantly.
Q3: Does this calculator account for overtime rates?
A: For accurate overtime calculations, you may need to calculate separately as overtime often has different rates and tax treatments.
Q4: Are there regional variations in deductions?
A: While national deductions (SSS, PhilHealth, Pag-IBIG) are standardized, some local government units may have additional taxes or fees.
Q5: Should I include bonuses in gross income?
A: Yes, include all taxable compensation including regular pay, bonuses, allowances, and other benefits to get an accurate calculation.